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Rural Housing Support: Tenant Protection and Preservation

This act aims to protect access to affordable housing in rural areas for low-income individuals and farm laborers. It introduces loan restructuring programs for property owners and provides support for tenants to prevent displacement. Citizens can expect more stable housing conditions and access to assistance when loan agreements expire.
Key points
Property owners in rural areas can restructure loans to maintain affordable rents, potentially leading to lower rents for residents.
Tenants will receive two-year advance notice of loan maturities on their buildings, allowing them time to prepare and utilize available options, including housing vouchers.
The program provides for 20-year extensions of rental assistance contracts, ensuring long-term housing stability for low-income individuals.
Housing vouchers will be available for low-income households residing in properties where loans have matured or been prepaid.
Financial support for non-profit organizations and public agencies to help acquire properties and prevent the loss of affordable housing.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1728
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-03-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Strategy and Investment in Rural Housing Preservation Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1728.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-10.

What are the main provisions?

Key points include:

  • Property owners in rural areas can restructure loans to maintain affordable rents, potentially leading to lower rents for residents.
  • Tenants will receive two-year advance notice of loan maturities on their buildings, allowing them time to prepare and utilize available options, including housing vouchers.
  • The program provides for 20-year extensions of rental assistance contracts, ensuring long-term housing stability for low-income individuals.
  • Housing vouchers will be available for low-income households residing in properties where loans have matured or been prepaid.
  • Financial support for non-profit organizations and public agencies to help acquire properties and prevent the loss of affordable housing.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Axne, Cynthia [D-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

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