Housing Opportunity Through Modernization Act of 2016

[AI summary unavailable — showing source text] Housing Opportunity Through Modernization Act of 2015 This bill amends the United States Housing Act of 1937 to: authorize a public housing agency (PHA) to make section 8 low-income rental assistance (voucher) payments to a dwelling unit after an inspection reveals non-life-threatening conditions, but suspend the payments after 30 days if the conditions are not corrected; and prescribe further requirements for enforcement of housing quality standards. The bill also revises requirements to vary the frequency of otherwise annual reviews of family income for public housing and section 8 programs, depending on certain decreases or increases in annual adjusted income. A PHA may establish a payment standard under the section 8 program of up to 120% of the fair market rent as a reasonable accommodation for a person with a disability, without approval of the Department of Housing and Urban Development (HUD). A PHA must charge monthly rent according to a specified formula to a family whose income has exceeded 120% of the area's median income for two years, or terminate the family's tenancy. The bill also prescribes limitations, prohibitions, and related requirements with respect to: a famil…