House Subcommittee OK's Omnibus Housing Legislation
The House Subcommittee on Housing and Community Opportunity yesterday approved the text of H.R. 3995, omnibus housing legislation introduced earlier this year by Rep. Marge Roukema (R-N.J.). H.R. 3995, or “The Housing Affordability for America Act,” would amend several federal affordable housing programs and features a provision to create a “thrifty voucher,” which would be based on a property’s operating costs rather than fair market rents. The bill is scheduled for mark up by the full Committee on Financial Services tomorrow at 10 a.m. For a copy of H.R. 3995, click here.