Robert Pittenger: “I thank Chairman Luetkemeyer for his leadership on this bill, and I appreciate deeply the support and leadership of…”

“I thank Chairman Luetkemeyer for his leadership on this bill, and I appreciate deeply the support and leadership of Congressman Cleaver. Mr. Chairman, today I rise in support of H.R. 3700, the Housing Opportunity Through Modernization Act, which contains provisions that expand housing opportunities while protecting American taxpayers. This bipartisan legislation provides commonsense efforts for streamlining and reducing regulatory burdens for organizations working with HUD. This bill looks to correct many wrongs within our housing system while also simplifying certification processes and providing permanent authority for direct endorsement for approved lenders to approve rural housing service loans. Mr. Chairman, condominiums are often the first step on the housing ladder for first-time homeowners. They also can be the most affordable and desirable option for single people, young families, and those looking to downsize. Unfortunately, current FHA regulations prevent buyers from purchasing condos. H.R. 3700 eases restrictions, allowing more opportunity for homeownership. This bill reins in duplicative and overly burdensome regulations, which not only create a slower process, but also increase government workload all without affecting any changes to direct spending. Mr. Chairman, housing assistance should be solely for those who need it most of all, and this bill takes aim at ensuring this.…”