NAR issues Call for Action to urge U.S. Senate to ease FHA restrictions on condo sales

The National Association of REALTORS issued a Call for Action asking all members to urge their  U.S. Senator to support passage of H.R. 3700, the Housing Opportunities through Modernization Act.  This legislation passed the House 427-0 last month. It would: remove a burdensome and expensive FHA condo approval process; reduce FHA restrictions on the number of condos available to homebuyers; and permanently streamline Rural Housing Service loan processing. Take action here.