Housing Trust Fund Bill Passes House; President Threatens Veto; Senate Yet to Act on Three Bills

On October 10^th the House of Representatives passed the Housing Trust Fund bill (H.R. 2895) with amendments. The amended bill is available HERE.

An earlier blog story that I did on the Housing Trust Fund bill explains the relationship between the housing trust fund bill , and FHA and GSE reform bills that would provide the money for the Housing Trust Fund. (see earlier story HERE). To make it clear, unless the two bills that fund the Housing Trust Fund bill are passed , the Housing Trust Fund would have no money to be allocated.

The day before the vote on H.R. 2895, the administration raised the threat of a veto of the Housing Trust Fund Bill , see their statement of administration policy HERE.

Bill Status—Counting Housing Trust Fund Bill Just Added, Senate Has Yet to Act on Three Bills

Back in May , the full House passed the GSE reform bill, H.R. 1427 . Full text of that legislation as passed by the House is HERE.

And in mid September the FHA reform bill , H.R. 1852, was passed by the House. The text of the bill as passed by the House is HERE:

Statements of Administration Policy on Funding Bills

In addition to the threatened veto of the Housing Trust Fund bill, the president has raised concerns about the bills that would fund the housing trust fund.

Presidential concerns about the FHA reform bill H.R. 1852 are found HERE.

And for the GSE reform bill,H.R, 1427, the President expressed support for passage, yet looked forward to “strengthening the legislation as it moved through Congress”. That statement of administration policy can be found HERE.