WASHINGTON, DC — According to the National Association of Home Builders (NAHB), significant housing legislation that will promote housing affordability and expand rental housing and homeownership opportunities was passed when the House of Representatives voted in favor of S. 2239, the "FHA Downpayment Simplification Act of 2002," during a special lame-duck session of Congress.
"This legislation is one of the top priorities of the National Association of Home Builders, and we worked tirelessly with leaders of both chambers of Congress in order to forge a bipartisan consensus to move this vital housing bill forward," said NAHB president Gary Garczynski.