H. Rept. 114-397 1 (2016-01-28)

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US. GOVERNMENT
INFORMATION
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                       114TH  CONGRESS                                                REPORT
                           2d Session       HOUSE OF REPRESENTATIVES                  114-397







                       HOUSING OPPORTUNITY THROUGH MODERNIZATION ACT
                                                        OF   2015



                        JANUARY  28, 2016.-Committed to the Committee of the Whole House on the State
                                            of the Union and ordered to be printed



                           Mr.  HENSARLING, from the Committee on Financial Services,
                                                submitted   the  following


                                                    REPORT

                                                  [To accompany H.R. 3700]

                                  [Including cost estimate of the Congressional Budget Office]

                         The   Committee on Financial Services, to whom was referred the
                       bill (H.R.   3700)  to  provide   housing   opportunities   in  the  United
                       States  through   modernization of various housing programs, and for
                       other   purposes,   having   considered the same, reports favorably
                       thereon   with   an  amendment and recommends that the bill as
                       amended do pass.
                         The   amendment is as follows:
                         Strike  all after the enacting   clause  and  insert the following:

                       SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.
                         (a) SHORT TITLE.-This Act may  be cited as the Housing Opportunity Through
                       Modernization Act of 2015.
                         (b) TABLE OF CONTENTS.-The  table of contents for this Act is as follows:
                       Sec. 1. Short title and table of contents.
                                    TITLE I-SECTION 8 RENTAL ASSISTANCE AND PUBLIC HOUSING
                       Sec. 101. Inspection of dwelling units.
                       Sec. 102. Income reviews.
                       Sec. 103. Limitation on public housing tenancy for over-income families.
                       Sec. 104. Limitation on eligibility for assistance based on assets.
                       Sec. 105. Units owned by public housing agencies.
                       Sec. 106. PHA project-based assistance.
                       Sec. 107. Establishment of fair market rent.
                       Sec. 108. Collection of utility data.
                       Sec. 109. Public housing Capital and Operating Funds.
                       Sec. 110. Family unification program for children aging out of foster care.
                                                   TITLE II-RURAL HOUSING
                       Sec. 201. Delegation of guaranteed rural housing loan approval.
                                      TITLE III-FHA MORTGAGE INSURANCE FOR CONDOMINIUMS
                       Sec. 301. Modification of FHA requirements for mortgage insurance for condominiums.
                           59-006

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