The Senate passes the HOUSING OPPORTUNITY THROUGH MODERNIZATION ACT of 2016.  This bill contains reforms to increase & facilitate homeownership and affordable rental housing by providing assistant to low-income renters.  Some changes include the Rural Housing Service Single Family Guaranteed Loan Program to be current with other government loan programs.  Also reduce current FHA regulations surrounding existing condo projects.  More in the bill which was approved by the House earlier, but still needs its final approval.