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Bill > HR1728


US HR1728

US HR1728
Strategy and Investment in Rural Housing Preservation Act of 2021


summary

Introduced
03/10/2021
In Committee
03/10/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To provide rental assistance to low-income tenants in certain multifamily rural housing projects financed by the Rural Housing Service of the Department of Agriculture, and to develop and implement a plan for preserving the af- fordability of rural rental housing, and for other pur- poses.

AI Summary

This bill aims to preserve the affordability of rural rental housing projects financed by the U.S. Department of Agriculture's Rural Housing Service. The key provisions include: 1. Establishing a permanent Housing Preservation and Revitalization Program to restructure existing rural housing loans, renew rental assistance contracts, and provide grants to non-profit organizations and public housing agencies for technical assistance. 2. Allowing the Secretary of Agriculture to provide rural housing vouchers to low-income households residing in properties financed under Sections 514, 515, and 516 of the Housing Act of 1949 that have been prepaid, foreclosed, or matured. 3. Requiring the Secretary to submit a plan to Congress for preserving the affordability of rental projects and avoiding tenant displacement, and establishing an advisory committee to assist in implementing the plan. 4. Authorizing $50 million in funding to improve the technology used by the Department of Agriculture to process loans for multifamily housing. 5. Extending protections under the Violence Against Women Act to rural development housing vouchers provided by the Secretary of Agriculture.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Referred to the House Committee on Financial Services. (on 03/10/2021)

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