HR 7238
118th Congress
House
Housing and Community Development
Promote Affordable Rural Housing Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2024
Referred to the House Committee on Financial Services.
Feb 5, 2024
Introduced in House
Plain-English summary
Promote Affordable Rural Housing Act
This bill extends from two years to five years the repayment term for certain loans to finance the purchase and development of housing sites for low- or moderate-income families under the Department of Agriculture Section 524 Rural Housing Site Loan program.
Under the bill, the term development includes activities necessary to develop the land, such as surveying, architecture, and engineering.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1