[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3646 Considered and Passed Senate (CPS)]

<DOC>






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''.
                                 <all>