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HR 2388 101th Congress House

Rural Housing Improvement Act of 1989

Official title: To expand home ownership opportunities for low- and moderate-income families in rural areas.

Introduced: October 24, 1989 See on congress.gov
Housing and Community Development Federally-guaranteed loansHome ownershipModerate income housingResidential rehabilitation
More subjectsShow fewer subjects
Rural housingSecondary mortgage marketSingle family housing
This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 1, 1989
Referred to the Subcommittee on Housing and Community Development.
May 23, 1989
Referred to the Subcommittee on Conservation Credit and Rural Development.
May 17, 1989
Referred to the House Committee on Agriculture.
May 17, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
May 17, 1989
Introduced in House
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 Latest action June 1, 1989

Referred to the Subcommittee on Housing and Community Development.

 Plain-English summary Congressional Research Service

Rural Housing Improvement Act of 1989 - Title I: Rural Housing Loan Guarantees - Amends the Housing Act of 1949 to establish a guaranteed loan program for moderate income rural borrowers to acquire or rehabilitate single-family homes. Gives priority to first-time homebuyers.

Provides for: (1) lender guarantee fees; (2) loan refinancing; (3) nonassumption of loans; and (4) geographic loan targeting.

Title II: Agricultural Mortgage Secondary Market - Amends the Farm Credit Act of 1971 to expand the definition of "agricultural real estate" for purposes of the agricultural mortgage secondary market.

Title III: Technical Assistance - Provides technical assistance for the programs under titles I and II of this Act. Authorizes appropriations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
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APA
U.S. Congress. (2026). H.R. 2388: Rural Housing Improvement Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-2388/
MLA
"H.R. 2388: Rural Housing Improvement Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-2388/.
Bluebook (legal)
H.R. 2388, 101st Cong. (2026), https://openamerica.io/bill/101-HR-2388/.
Markdown link
[H.R. 2388: Rural Housing Improvement Act of 1989](https://openamerica.io/bill/101-HR-2388/)
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