HEY FOLKS … THIS IS WONDERFUL …. H.R. 3700 PASSED THE U.S.SENATE! This means it will be easier for Buyers to purchase Condos / Townhomes using an FHA Loan. Sellers of Condos / Townhomes have a larger buyers pool now !~!~!~! See the letter that was sent out by the current President of the National Association Of Realtors ********************************************************************************
Dear ------------,
Once again the voices of REALTORS were heard loud and clear on Capitol Hill and last night we scored a big win!
Thanks to you, and more than 139,000 REALTORS across the nation, the Housing Opportunity through Modernization Act of 2016 passed the U.S. Senate last night by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of REALTORS.
The NAR Leadership Team and I would like to thank you and your colleagues for this amazing grassroots effort and for all your support for this national Call for Action. Our state and local association partners did a great job in leading the efforts to get the Senate to act on this critical legislation.
This victory was made possible by the collective efforts of the NATIONAL ASSOCIATION OF REALTORS, and our state and local association partners. When REALTORS speak in a single unified voice, Congress listens.
Sincerely,
Tom Salomone
2016 NAR President
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