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HR 2388 101th Congress House Housing and Community Development Federally-guaranteed loans Home ownership Moderate income housing Residential rehabilitation Rural housing Secondary mortgage market Single family housing

Rural Housing Improvement Act of 1989

Introduced: May 17, 1989 See on congress.gov
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 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
 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.

What's happening now June 1, 1989

Referred to the Subcommittee on Housing and Community Development.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Republican 1