Rural Housing Improvement Act of 1989
Official title: To expand home ownership opportunities for low- and moderate-income families in rural areas.
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Referred to the Subcommittee on Housing and Community Development.
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.
- Introduced in House Formatted Text
Cite this page
U.S. Congress. (2026). H.R. 2388: Rural Housing Improvement Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-2388/
"H.R. 2388: Rural Housing Improvement Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-2388/.
H.R. 2388, 101st Cong. (2026), https://openamerica.io/bill/101-HR-2388/.
[H.R. 2388: Rural Housing Improvement Act of 1989](https://openamerica.io/bill/101-HR-2388/)