Representatives of the Mortgage Bankers Association of Americawere among those who provided testimony backing the bill. "Withouthigher FHA multifamily loan limits in high-cost markets, criticalhousing needs will go unmet," MBA member and Berkshire ManagementFinance senior vice president Linda Cheatham explains. "Low andmoderate-income families, including important community and publicservice providers like teachers and police officers will be deniedthe affordable rental housing they need." The subcommittee approvedthe legislation via a voice vote. HR 1985 will now continue to workits way through the congressional lawmaking system.

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