Cramer - House Passes H.R. 3700--housing Opportunity Through Modernization Act of 2015

Statement

Congressman Kevin Cramer announced today the U.S. House of Representatives passed H.R. 3700, the Housing Opportunity Through Modernization Act of 2015. The bill amends the United States Housing Act of 1937 by reforming the Housing and Urban Development (HUD) rental assistance programs and Rural Housing Service Programs. The reforms are aimed at increasing access to affordable rental housing, creating housing opportunity, and improving the effectiveness of the programs.

The federal government has played a role in subsidizing housing construction and providing homeownership and rental assistance for lower-income households since the 1930s. The programs are primarily administered by the Department of Housing and Urban Development (HUD), with some assistance provided to rural communities through the Department of Agriculture's Rural Housing Service and some tax benefits administered through the Department of the Treasury.

"This bill reduces administrative burdens for housing providers, ensures housing programs are run more efficiently, and increases opportunities to create more affordable rental housing for low-income families," said Cramer. "These commonsense housing policy reforms will give more North Dakotans efficient access to affordable housing."

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