118 S3497 IS: Fostering the Availability in Rural Markets of Home Loans Act of 2023 U.S. Senate 2023-12-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS1st SessionS. 3497IN THE SENATE OF THE UNITED STATESDecember 13, 2023Mr. Braun (for himself and Mr. Markey) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and ForestryA BILLTo amend the Farm Credit Act of 1971 to modify rural housing financing under that Act.

1.

Short title

This Act may be cited as the Fostering the Availability in Rural Markets of Home Loans Act of 2023 or the FARM Home Loans Act of 2023.

2.

Rural housing financing

Section 1.11(b) of the Farm Credit Act of 1971 (12 U.S.C. 2019(b)) is amended—(1)in paragraph (2), by striking appurtenances and inserting appurtenances, including accessory dwelling units,; and(2)in paragraph (3), by striking 2,500 and inserting 10,000.