Bill Sponsor
Senate Bill 4872
117th Congress(2021-2022)
Strategy and Investment in Rural Housing Preservation Act of 2022
Introduced
Introduced
Introduced in Senate on Sep 15, 2022
Overview
Text
Introduced
Sep 15, 2022
Latest Action
Sep 20, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4872
Congress
117
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
Sponsorship by Party
Democrat
New Hampshire
Democrat
Minnesota
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Strategy and Investment in Rural Housing Preservation Act of 2022

This bill provides assistance to rural, multifamily rental-housing projects and tenants.

Specifically, the bill provides statutory authority for a Department of Agriculture (USDA) program that supports the preservation and revitalization of affordable housing projects that are financed with USDA loans.

Further, the bill makes changes to certain USDA rental assistance programs including by authorizing the USDA to provide rural housing vouchers for low-income households (including those not receiving rental assistance) residing in certain properties financed with or insured by USDA loans.

The USDA must also report on preserving the affordability of rental projects financed by USDA loans for low-income families.

Text (1)
September 15, 2022
Actions (3)
09/20/2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
09/15/2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/15/2022
Introduced in Senate
Public Record
Record Updated
Aug 31, 2023 4:30:29 PM