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SENATE 3646118th CongressHeld at the desk.

A bill to amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.

Last Action
1/29/2024

Actions

  • 2024-01-29Held at the desk.
  • 2024-01-29Received in the House.
  • 2024-01-25Message on Senate action sent to the House.
  • 2024-01-23Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S225; text: CR S225)
  • 2024-01-23Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.
  • 2024-01-23Introduced in Senate

CRS Summary

As of 2024-01-23 (55)

This bill extends from two years to five years the repayment term for certain loans to finance the purchase and development of housing sites for low- or moderate-income families under the Department of Agriculture Section 524 Rural Housing Site Loan program.

Under the bill, the term development includes activities necessary to develop the land, such as surveying, architecture, and engineering.

Cosponsors (2)

  • Amy Klobuchar (D-MN)
  • Jeanne Shaheen (D-NH)

Subjects

  • Government lending and loan guarantees
  • Housing supply and affordability
  • Low- and moderate-income housing
  • Rural conditions and development
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.