118 HR 9816 IH: Rural Housing Assistance Act U.S. House of Representatives 2024-09-25 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.

I118th CONGRESS2d SessionH. R. 9816IN THE HOUSE OF REPRESENTATIVESSeptember 25, 2024Mr. Davis of North Carolina (for himself and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo revise the dollar amount limitations for rural housing repair loans under section 504 of the Housing Act of 1949, and for other purposes.

1.

Short title

This Act may be cited as the Rural Housing Assistance Act.

2.

Section 504 rural housing repair loans

Section 504(a) of the Housing Act of 1949 (42 U.S.C. 1474(a)) is amended—(1)by striking the third sentence and inserting the following: The maximum aggregate amount of outstanding loans under this section to one household for one dwelling shall not exceed $80,000, the maximum aggregate amount of grants under this section to one household for one dwelling shall not exceed $20,000, and the maximum aggregate amount of loans and grants under this section to one household for one dwelling shall not exceed $100,000.; and(2)in the fourth sentence, by striking $7,500 and inserting $15,000.