S. 3646 (Engrossed in Senate) — To amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.

Section 1 Financial assistance to nonprofit organizations to provide sites for rural housing for low- and moderate-income families

Section 524(a)(1) of the Housing Act of 1949 (42 U.S.C. 1490d(a)(1)) is amended—

(1)

in the first sentence, by inserting after “development of land” the following: “, including for activities necessary for the development of land, such as surveying, architecture, and engineering,”; and

(2)

in the second sentence—

(A)

by striking “two years” and inserting “five years”; and

(B)

by striking “or within such additional period as may be authorized by the Secretary in any case as being necessary to carry out the purposes of this section”.

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Jan 23, 2024viewing Engrossed in Senate See what changed

Jan 23, 2024 Considered and Passed Senate Mr. Moran (for himself, Ms. Klobuchar, and Mrs. Shaheen) introduced the following bill; which was read twice, considered, read the third time, and passed

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

Section 1 Financial assistance to nonprofit organizations to provide sites for rural housing for low- and moderate-income families

Cite this provision

Incoming references