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

handle is hein.congrecreports/crptxrht0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 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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