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House, Senate Vote to Extend OHMAR, Continue Mark-to-Market Program

Wednesday, September 26, 2001 - 7:00AM

The House and Senate have reached an agreement to extend the life of the Office of Multifamily Housing Assistance Restructuring (OHMAR) to October 30, 2004, according to a spokesman for the Senate Banking, Housing and Urban Affairs Committee. The agreement has cleared the way for what is expected to be a swift approval a compromise measure that would also authorize the Section 8 Mark-to-Market program to continue until October 30, 2006. OHMAR, an independent branch of HUD, was slated to dissolve unless it was extended by September 30. To view relevant legislation, click here.

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