Housing Industry Sign-on Letter to Congress on HR 3700, The Housing Opportunities through Modernization Act

The undersigned organizations, which include a broad cross-section of stakeholders in the housing affordability realm, urge House passage of “The Housing Opportunities through Modernization Act” (H.R. 3700), without addition of divisive measures that would undermine the broad consensus behind these commonsense reforms. Our nation faces tremendous housing needs. This legislation is an important step forward to address a number of important items which have enjoyed broad consensus over the years. There is more to be done to address housing and community development needs, but H.R. 3700 represents solid progress in the right direction. If enacted, this bipartisan bill would build on the effectiveness of federal rental assistance while achieving some modest savings.