Colorado Association of REALTORS | Call For Action – SUPPORT Housing Opportunity Through Modernization Act (H.R. 3700)
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Call For Action – SUPPORT Housing Opportunity Through Modernization Act (H.R. 3700)

Call For Action – SUPPORT Housing Opportunity Through Modernization Act (H.R. 3700)

H.R. 3700 was passed by the U.S. House 427-0. Despite passing with NO OBJECTIONS, the U.S. Senate has not acted on H.R. 3700.

This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:

  • Removing a burdensome and expensive FHA Condo approval process
  • Reducing FHA restrictions on the number of condos available to homebuyers
  • Permanently streamlining Rural Housing Service loan processing

More Information on NAR’s efforts to pass H.R. 3700:

 

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