Washington, D.C. – February 3, 2016 – (RealEstateRama) — Rep. Jim Costa (CA-16) released the following statement after the U.S. House of Representatives passed H.R. 3700, the Housing Opportunity Through Modernization Act of 2015. The House passed H.R. 3700 with unanimous support.
“Everyone deserves the opportunity to have safe and reliable housing to go home to every day, and this bipartisan housing reform bill will complement efforts currently being made to combat homelessness in the San Joaquin Valley,” said Rep. Costa. “The U.S. Department of Housing and Urban Development strives to help families and veterans who are facing dire circumstances and the legislation we passed today will help to better serve those individuals by streamlining processes and creating more flexibility.”
H.R. 3700 includes the following three provisions that would directly impact California’s Central Valley:
Establish a Special Assistant for Veterans Affairs at the U.S. Department of Housing and Urban Development (HUD).
Authorize the U.S. Department of Agriculture Rural Development Under Secretary to delegate loan approval authority to participating lenders, which would streamline the process for families to receive a loan through federal rural housing programs.
Direct HUD to set minimum heating standards for units operated by public housing agencies receiving federal assistance.
The full text of H.R. 3700 can be found here.
