RED ALERT – CALL TO ACTION
Key Talking Points:
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:
REALTOR® Action Center 