R44358 – Housing Opportunity Through Modernization Act of 2015 (H.R. 3700): In Brief – 8/30/2016

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Housing Opportunity Through Modernization Act of 2015 (H.R. 3700): In Brief

SKU: R44358-9/6/2016 Categories: , Tag:

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Author: Maggie McCarty, Specialist in Housing Policy; Libby Perl,Specialist in Housing Policy; Katie Jones, Analyst in Housing Policy
Pages: 18

The Housing Opportunity Through Modernization Act of 2015 (H.R. 3700), as ordered reported by the House Financial Services Committee on December 9, 2015, includes modifications to a number of federal housing programs, mostly administered by the Department of Housing and Urban Development (HUD). Many of the changes proposed in the bill have been considered by prior Congresses in some version as a part of broader assisted housing reform legislation.1 Some provisions in the bill have been introduced in the 114th Congress in other bills, some were requested in the President’s budget, and others are new. Bills: H.R. 3700, H.R. 1047, H.R. 251