3.0.0 2783 2023-01-11T13:31:26Z 2023-01-11T13:31:26Z Senate S 2016-04-12 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-04-12T20:43:16Z Rural Housing Preservation Act of 2016 114 4908 HR 2016-04-12 Referred to the House Committee on Financial Services. Related bill CRS 2016-04-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-04-12 Introduced in Senate IntroReferral 10000 9 Library of Congress S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH N Housing and Community Development Government lending and loan guarantees Housing and community development funding Housing finance and home ownership Housing for the elderly and disabled Housing supply and affordability Low- and moderate-income housing Migrant, seasonal, agricultural labor Rural conditions and development Housing and Community Development 00 2016-04-12 Introduced in Senate 2016-07-18T20:34:33Z Rural Housing Preservation Act of 2016

This bill amends the Housing Act of 1949 to direct the Department of Agriculture (USDA) to extend rural housing vouchers to any low-income household (including those not receiving rental assistance) residing in a property financed with a loan made or insured for housing and related facilities for elderly or other low-income persons and families which has been prepaid, or which has matured, after September 30, 2005.

No owner of a property financed with such a loan, whether outstanding or fully paid, may refuse to lease an available dwelling unit in the property to a household on behalf of whom a rural housing voucher assistance is provided, and enter into a voucher contract respecting that unit, if a proximate cause of that refusal is the current or prospective tenant's status as a holder of such a voucher.

USDA may contract to make, make, and renew annual assistance payments to owners of projects originally financed with such a loan that has matured on or after enactment of this bill, and at rental rates commensurate to income.

USDA shall establish uniform requirements, terms, and conditions for any sale or transfer of a property financed with such a loan to any entity, including a nonprofit organization, seeking to acquire it with a similar loan and any low-income housing tax credit under the Internal Revenue Code.

USDA may also establish a Multifamily Housing Revitalization Program for the preservation and revitalization of multifamily housing projects funded with such loans, as well as with loans for housing and related facilities for domestic farm labor, to ensure that those projects have sufficient resources to provide safe and affordable housing for low-income residents and farm laborers.

]]> Rural Housing Preservation Act of 2016 Display Title Rural Housing Preservation Act of 2016 Official Title as Introduced A bill to provide rental assistance to low-income tenants of certain multifamily rural housing projects, and for other purposes. Introduced in Senate IS Short Titles as Introduced Rural Housing Preservation Act of 2016 Introduced in Senate 2016-04-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2783is/xml/BILLS-114s2783is.xml 2016-04-12 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.