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House Subcommittee OK's Omnibus Housing Legislation

Wednesday, June 19, 2002 - 7:00AM

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.

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