ers, the Secretary may use such funds for the demonstra-
tion programs for the preservation and revitalization of 
multi-family rental housing properties described in this 
paragraph: Provided further, That of the funds made avail-
able under this heading, $2,889,000 shall be available for 
the cost of loans to private non-profit organizations, or 
such non-profit organizations’ affiliate loan funds and 
State and local housing finance agencies, to carry out a 
housing demonstration program to provide revolving loans 
for the preservation of low-income multi-family housing 
projects: Provided further, That loans under such dem-
onstration program shall have an interest rate of not more 
than 1 percent direct loan to the recipient: Provided fur-
ther, That the Secretary may defer the interest and prin-
cipal payment to the Rural Housing Service for up to 3 
years and the term of such loans shall not exceed 30 years: 
Provided further, That of the funds made available under 
this heading, $19,860,000 shall be available for a dem-
onstration program for the preservation and revitalization 
of the section 514, 515, and 516 multi-family rental hous-
ing properties to restructure existing USDA multi-family 
housing loans, as the Secretary deems appropriate, ex-
pressly for the purposes of ensuring the project has suffi-
cient resources to preserve the project for the purpose of 
providing safe and affordable housing for low-income resi-
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dents and farm laborers including reducing or eliminating 
interest; deferring loan payments, subordinating, reducing 
or reamortizing loan debt; and other financial assistance 
including advances, payments and incentives (including 
the ability of owners to obtain reasonable returns on in-
vestment) required by the Secretary: Provided further, 
That the Secretary shall as part of the preservation and 
revitalization agreement obtain a restrictive use agreement 
consistent with the terms of the restructuring: Provided 
further, That if the Secretary determines that additional 
funds for vouchers described in this paragraph are needed, 
funds for the preservation and revitalization demonstra-
tion program may be used for such vouchers: Provided fur-
ther, That the Secretary may use any unobligated funds 
appropriated for the rural housing voucher program in a 
prior fiscal year to support information technology activi-
ties of the Rural Housing Service to the extent the Sec-
retary determines that additional funds are not needed for 
this fiscal year to provide vouchers described in this para-
graph: Provided further, That if Congress enacts legisla-
tion to permanently authorize a section 515 multi-family 
rental housing loan restructuring program similar to the 
demonstration program described herein, the Secretary 
may use funds made available for the demonstration pro-
gram under this heading to carry out such legislation with 
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the prior approval of the Committees on Appropriations 
of both Houses of Congress. 
MUTUAL AND SELF-HELP HOUSING GRANTS 
For grants and contracts pursuant to section 
523(b)(1)(A) of the Housing Act of 1949 (42 U.S.C. 
1490c), $38,727,000, to remain available until expended: 
Provided, That of the total amount appropriated, 
$1,000,000 shall be available through June 30, 2009, for 
authorized empowerment zones and enterprise commu-
nities and communities designated by the Secretary of Ag-
riculture as Rural Economic Area Partnership Zones. 
RURAL HOUSING ASSISTANCE GRANTS 
(INCLUDING TRANSFER OF FUNDS) 
For grants and contracts for very low-income housing 
repair, supervisory and technical assistance, compensation 
for construction defects, and rural housing preservation 
made by the Rural Housing Service, as authorized by 42 
U.S.C. 1474, 1479(c), 1490e, and 1490m, $41,500,000, 
to remain available until expended: Provided, That of the 
total amount appropriated, $1,200,000 shall be available 
through June 30, 2009, for authorized empowerment 
zones and enterprise communities and communities des-
ignated by the Secretary of Agriculture as Rural Economic 
Area Partnership Zones: Provided further, That any bal-
ances to carry out a housing demonstration program to 
provide revolving loans for the preservation of low-income 
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