MBA Coalition Letter to HFSC on Multifamily Statutory Limits Bill (H.R. 6132)
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The undersigned organizations support the bipartisan legislation, HR. 6132, the Housing Affordability Act, which is designed to update the Federal Housing Administration’s (FHA) multifamily insurance programs to more accurately capture the true cost of apartment construction. FHA’s current base statutory limits reduce the number of housing units HUD can and will insure nationwide. The statutory limits have not been adjusted since 2003.
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