Rural Housing Preservation: Keeping Affordable Homes Available.
This bill creates a permanent program aimed at protecting affordable rental housing in rural areas. It provides tools like loan restructuring and continued rental assistance to ensure homes remain safe and affordable for low-income residents and farmworkers, and helps tenants understand their options.
Key points
Creates a permanent program focused on preserving affordable rental housing in rural areas.
Requires landlords and tenants to be notified about expiring housing support and available options.
Allows loans on properties to be adjusted to help keep them affordable and in good condition.
Offers long-term rental assistance contracts to help eligible residents afford their rent.
Provides options for tenants to move their rental assistance if their building's loan ends.
Authorizes significant funding to support the program and improve housing management technology.
Establishes a plan and advisory group to guide efforts to keep rural housing affordable.
Makes more low-income households in certain rural properties eligible for housing vouchers.
Expired
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