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Senate Bill 3646
118th Congress(2023-2024)
A bill to amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.
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Passed Senate on Jan 23, 2024
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S. 3646 (Considered-and-Passed-Senate)


118th CONGRESS
2d Session
S. 3646


To amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.

IN THE SENATE OF THE UNITED STATES

January 23, 2024

Mr. Moran (for himself, Ms. Klobuchar, and Mrs. Shaheen) introduced the following bill; which was read twice, considered, read the third time, and passed

A BILL

To amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Financial assistance to nonprofit organizations to provide sites for rural housing for low- and moderate-income families.

Section 524(a)(1) of the Housing Act of 1949 (42 U.S.C. 1490d(a)(1)) is amended—

(1) in the first sentence, by inserting after “development of land” the following: “, including for activities necessary for the development of land, such as surveying, architecture, and engineering,”; and

(2) in the second sentence—

(A) by striking “two years” and inserting “five years”; and

(B) by striking “or within such additional period as may be authorized by the Secretary in any case as being necessary to carry out the purposes of this section”.