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Extended Rural Housing Site Loans for Low-Income Families

This act aims to facilitate the construction and access to affordable housing in rural areas. Changes extend the repayment period for land loans for non-profit organizations and clarify the permissible uses of these funds, which may accelerate the development of housing for low- and moderate-income families.
Key points
Extending the repayment period for land loans from 2 to 5 years for organizations building rural homes.
Expanding the permissible uses of land loans to include costs such as surveying, architecture, and engineering.
Making it easier for non-profit organizations to create sites for affordable housing for low- and moderate-income families.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_7238
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2024-02-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Promote Affordable Rural Housing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7238.

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 2024-02-05.

What are the main provisions?

Key points include:

  • Extending the repayment period for land loans from 2 to 5 years for organizations building rural homes.
  • Expanding the permissible uses of land loans to include costs such as surveying, architecture, and engineering.
  • Making it easier for non-profit organizations to create sites for affordable housing for low- and moderate-income families.
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. Nunn, Zachary [R-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 2025-12-25.

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