Fostering the Availability in Rural Markets of Home Loans Act of 2023

S. 3497 · 118th Congress · Dec 13, 2023 · Lineage

A BILL

To amend the Farm Credit Act of 1971 to modify rural housing financing under that Act.

This Act may be cited as the “Fostering the Availability in Rural Markets of Home Loans Act of 2023” or the “FARM Home Loans Act of 2023”.

Section 1.11(b) of the Farm Credit Act of 1971 (12 U.S.C. 2019(b)) is amended—

(1)

in paragraph (2), by striking “appurtenances” and inserting “appurtenances, including accessory dwelling units,”; and

(2)

in paragraph (3), by striking “2,500” and inserting “10,000”.