WASHINGTON, D.C. – (RealEstateRama) — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released in response to the passage of “The Housing Opportunity Through Modernization Act” in Congress:
“We applaud the U.S. House and Senate for the swift passage of ‘The Housing Opportunity through Modernization Act,’ which maximizes the impact of taxpayer dollars and eliminates inefficiencies in critical federal housing programs. This vital legislation streamlines the Section 8 Voucher Program’s property inspection process by allowing immediate occupancy if the apartment home has been inspected within the past 24 months. The bill will also extend the contract term for project based vouchers from 15 to 20 years.
“NMHC and NAA members have worked tirelessly to push these reforms over the finish line. We also joined with a broad coalition of real estate and housing advocacy groups in urging Congress to pass the legislation without delay. Ultimately, these reforms help housing providers and low- and moderate-income families by reducing the length of time apartments are left vacant and limiting move-in delays for Section 8 voucher holders.
“The bill passed both the House and Senate chambers with overwhelming bipartisan support. We especially thank Representatives Blaine Luetkemeyer (R-MO) and Emanuel Clever (D-MO), and Senators Bob Menendez (D-NJ), Tim Scott (R-SC), Roy Blunt (R-MO) and Chris Coons (D-DE), for working to implement these common sense housing reforms.”
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