117th CONGRESS 1st Session |
To provide emergency rural housing assistance to respond to the COVID-19 pandemic, and for other purposes.
March 9, 2021
Mr. Cleaver (for himself and Ms. Waters) introduced the following bill; which was referred to the Committee on Appropriations
To provide emergency rural housing assistance to respond to the COVID-19 pandemic, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Stabilizing Rural Homeowners During COVID Act of 2021”.
SEC. 2. Relief measures for section 502 and 504 direct loan borrowers.
(a) Appropriation.—In addition to amounts otherwise made available, there is appropriated for fiscal year 2021, out of funds in the Treasury not otherwise appropriated, $39,000,000, to remain available until September 30, 2023, for direct loans made under sections 502 and 504 of the Housing Act of 1949 (42 U.S.C. 1472, 1474).
(b) Administrative expenses.—The Secretary may use not more than 3 percent of the amounts appropriated under this section for administrative purposes.