Congressional Committee Paves way for Comprehensive Homeowner Assistance Package

The House Financial Services Committee on Thursday approved H.R. 5830, the FHA Housing Stabilization and Homeowner Retention Act. The bill, a top legislative priority for NLC,  is the final piece of the House plan to stabilize the housing market and reign in the skyrocketing foreclosure rate. Passage paves the way for a comprehensive package of housing legislation to come together on the House floor in the coming weeks.  Read more on the National League of Cities' website here.