Bill > HR3620

This bill, the Strategy and Investment in Rural Housing Preservation Act of 2019, aims to preserve the affordability of rural rental housing financed by the Rural Housing Service of the Department of Agriculture. Key provisions include: 1. Establishing a permanent housing preservation and revitalization program to restructure existing housing loans, renew rental assistance contracts, and provide grants to facilitate the acquisition of at-risk affordable housing. 2. Allowing rural housing vouchers to be used by low-income households in properties financed under Sections 514, 515, and 516 that have been prepaid, foreclosed, or matured. 3. Requiring the Secretary of Agriculture to submit a plan with specific goals and actions for preserving the affordability of rental projects and avoiding tenant displacement, as well as establishing an advisory committee to assist in these efforts. 4. Authorizing $50 million to improve the technology used by the Department of Agriculture to process loans and manage multifamily housing. 5. Expanding the definition of "covered housing programs" under the Violence Against Women Act to include rural development housing voucher assistance.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/116th-congress/house-bill/3620/all-info