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TAKE ACTION: Housing Opportunity Through Modernization Act of 2016

posted Jun 16, 2016, 11:12 AM by Richard D'Ascoli   [ updated Jun 21, 2016, 10:05 PM ]

The NATIONAL ASSOCIATION OF REALTORS® has issued a nationwide Call-for-Action, urging members to ask their Senators to pass H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016,” a bill that makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal-assisted housing programs and Rural Housing Service loan programs.

The PACIFIC SOUTHWEST ASSOCIATION OF REALTORS® needs your help to ensure that this is a priority for Congress and is brought up for vote immediately. Tell our U.S. Senators that we support H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016.” The United States Senate is missing an opportunity to improve housing markets across the country, and we need your help to tell them to get to work and make homeownership a priority! 

Please Respond to this important CALL- FOR- ACTION!

PSAR is asking its members to urge the U.S. Senate to take action. The House of Representatives passed this bill unanimously with a bipartisan vote of 427-0. This bill makes buying a condominium A LOT easier by easing the current FHA condo requirements. 

What makes REALTORS® so strong politically is the number of constituents we have in EVERY congressional district. Even if your business model is not based on condominium or Rural Housing Service transactions, all REALTORS® need to band together to support homebuyers.  Please support homeownership by responding to this important Call-for-Action.