The House has approved additional funding for the Federal Housing Administration so it can restart its multifamily, 203(k) home renovation, condominium, and reverse mortgage insurance programs.The Senate is expected to approve it as well. The amendment (H.J. Res. 82) to a continuing funding resolution provides the FHA General Insurance/Special Risk Insurance fund with $3.9 billion in new loan commitment authority. The additional funding is expected to carry the GI/SRI loan programs until the Senate returns on Jan. 20 to vote on an $820 billion omnibus appropriations bill. The House has already passed the giant fiscal year 2004 appropriations bill, which includes funding for the Department of Housing and Urban Development and FHA mortgage insurance programs. The shutdown does not affect the FHA single-family program.

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