Stabilizing Rural Homeowners During COVID Act of 2021

Bill: 117-hr-1682
Sponsor: full_name: Rep. Cleaver, Emanuel [D-MO-5]
Introduced: 2021-03-09
Policy area: Housing and Community Development
Subjects: Agricultural prices, subsidies, credit

Appropriations

Government lending and loan guarantees

Housing and community development funding

Low- and moderate-income housing

Migrant, seasonal, agricultural labor

Residential rehabilitation and home repair

Rural conditions and development
Latest action: action_date: 2021-03-09
text: Referred to the House Committee on Appropriations.

Summaries:
action_date: 2021-03-09
action_desc: Introduced in House
text: <p><strong>Stabilizing Rural Homeowners During COVID Act of 2021</strong></p> <p>This bill provides additional FY2021 funding to the Department of Agriculture's Direct Home Loan and Housing Repair Loan programs for rural housing assistance.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1682 IN THE HOUSE OF REPRESENTATIVES March 9, 2021 Mr. Cleaver (for himself and Ms. Waters ) introduced the following bill; which was referred to the Committee on Appropriations A BILL To provide emergency rural housing assistance to respond to the COVID-19 pandemic, and for other purposes.

1. Short title This Act may be cited as the Stabilizing Rural Homeowners During COVID Act of 2021 . 2. Relief measures for section 502 and 504 direct loan borrowers (a) Appropriation In addition to amounts otherwise made available, there is appropriated for fiscal year 2021, out of funds in the Treasury not otherwise appropriated, $39,000,000, to remain available until September 30, 2023, for direct loans made under sections 502 and 504 of the Housing Act of 1949 ( 42 U.S.C. 1472 , 1474). (b) Administrative expenses The Secretary may use not more than 3 percent of the amounts appropriated under this section for administrative purposes.