To establish a permanent rural housing preservation and revitalization program, and for other purposes.
Summary
What This Bill Does
The bill creates permanent establishment of a rural multifamily housing preservation and revitalization program under Title V of the Housing Act of 1949, including loan restructuring, rental assistance renewal, restrictive use, creates new Section 545 of the Housing Act establishing the housing preservation and revitalization program with loan restructuring tools, rental assistance renewal for up to 20 years, restrictive use agreements, and creates expansion of rural housing voucher eligibility under Section 542 of the Housing Act of 1949 to cover low-income households in properties with prepaid, foreclosed, or matured Section 514/515/516 loans. It relies on grants, compliance mandates, reporting requirements, and appropriations. The main policy areas are Finance, Agriculture, and Technology.
Who Benefits and How
Low-income rural tenants and farm laborers could see lower costs, Low-income rural tenants in maturing USDA-financed properties could see lower costs, and Low-income rural tenants could see lower costs.
Who Bears the Burden and How
USDA Rural Housing Service would take on compliance duties and Federal government could face higher costs.
Key Provisions
- Creates permanent establishment of a rural multifamily housing preservation and revitalization program under Title V of the Housing Act of 1949, including loan restructuring, rental assistance renewal, restrictive use...
- Creates new Section 545 of the Housing Act establishing the housing preservation and revitalization program with loan restructuring tools, rental assistance renewal for up to 20 years, restrictive use agreements...
- Creates expansion of rural housing voucher eligibility under Section 542 of the Housing Act of 1949 to cover low-income households in properties with prepaid, foreclosed, or matured Section 514/515/516 loans.
- Creates amendment to Section 521(d) of the Housing Act of 1949 authorizing 20-year rental assistance contract renewals for Section 514/515 project owners and restrictive use agreement holders, changing mandatory rental...
- Provides authorization of $50 million appropriation for FY2026 to modernize USDA multifamily housing loan processing and servicing technology, available for 5 years.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates permanent establishment of a rural multifamily housing preservation and revitalization program under Title V of the Housing Act of 1949, including loan restructuring, rental assistance renewal, restrictive use, creates new Section 545 of the Housing Act establishing the housing preservation and revitalization program with loan restructuring tools, rental assistance renewal for up to 20 years, restrictive use agreements, and creates expansion of rural housing voucher eligibility under Section 542 of the Housing Act of 1949 to cover low-income households in properties with prepaid, foreclosed, or matured Section 514/515/516 loans.
Key Policy Areas
Finance, Agriculture, Technology
Primary Purpose
The bill creates permanent establishment of a rural multifamily housing preservation and revitalization program under Title V of the Housing Act of 1949, including loan restructuring, rental assistance renewal, restrictive use, creates new Section 545 of the Housing Act establishing the housing preservation and revitalization program with loan restructuring tools, rental assistance renewal for up to 20 years, restrictive use agreements, and creates expansion of rural housing voucher eligibility under Section 542 of the Housing Act of 1949 to cover low-income households in properties with prepaid, foreclosed, or matured Section 514/515/516 loans.
Policy Domains
Section 2 — Permanent Housing Preservation and Revitalization Program
Identified Gains
- Low-income rural tenants and farm laborers
- Low-income rural tenants in maturing USDA-financed properties
- Low-income rural tenants
- USDA Department of Agriculture
- Owners of USDA-financed rural multifamily housing
Identified Costs
- USDA Rural Housing Service
- Federal government
Sponsors
Legislative Progress
IntroducedMrs. Shaheen (for herself and Mr. Moran) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
For-profit rural housing owners, Low-income rural tenants, Low-income rural tenants and farm laborers
Federal government, USDA Department of Agriculture, USDA Rural Housing Service
Positive-direction: USDA Department of Agriculture
Negative-direction: Federal government, USDA Rural Housing Service
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Agriculture
- "the_secretary"
- → Secretary of Agriculture
- "the_secretary"
- → Secretary of Agriculture
- "the_secretary"
- → Secretary of Agriculture
- "the_secretary"
- → Secretary of Agriculture
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology