NAR Letter to the Full House Supporting HR 3700
Issue Date: February 01, 2016
US HR 3700 - Housing Opportunities through Modernization Act
On February 1, 2015 NAR sent a letter to the full house supporting HR 3700.
H.R. 3700’s provisions eases FHA restrictions, opening affordable home ownership opportunities for many American families. The legislation also makes commonsense reforms to the U.S. Department of Housing and Urban Development’s (HUD) rental assistance programs. H.R. 3700 also permanently authorizes the Rural Housing Service (RHS) use of direct endorsement lenders to approve RHA loans.