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Support for Affordable Rural Housing Preservation

This act aims to ensure the long-term availability of affordable housing for low-income individuals and farm laborers in rural areas. It establishes a permanent program for preserving and revitalizing existing housing, offering financial support and lease renewals to owners, and protecting tenants from displacement.
Key points
Rural housing owners can receive loan restructuring assistance to prevent rent increases and housing loss.
Tenants will be notified of upcoming loan maturities, allowing them time to prepare and understand their rights.
Lease agreements can be extended for 20 years, providing housing stability for many families.
Housing vouchers will be available for those at risk of losing their homes, helping them find new affordable housing.
An advisory committee will be established to monitor the program and suggest improvements for its effectiveness.
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Expired
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Additional Information
Print number: 118_HR_10421
Sponsor: Rep. Cleaver, Emanuel [D-MO-5]
Process start date: 2024-12-16
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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10421.

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 2024-12-16.

What are the main provisions?

Key points include:

  • Rural housing owners can receive loan restructuring assistance to prevent rent increases and housing loss.
  • Tenants will be notified of upcoming loan maturities, allowing them time to prepare and understand their rights.
  • Lease agreements can be extended for 20 years, providing housing stability for many families.
  • Housing vouchers will be available for those at risk of losing their homes, helping them find new affordable housing.
  • An advisory committee will be established to monitor the program and suggest improvements for its effectiveness.
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. Cleaver, Emanuel [D-MO-5].

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 2025-12-24.

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