Rural Housing Assistance Act

Bill: 118-hr-9816
Sponsor: full_name: Rep. Davis, Donald G. [D-NC-1]
Introduced: 2024-09-25
Policy area: Housing and Community Development
Latest action: action_date: 2024-09-25
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9816 IN THE HOUSE OF REPRESENTATIVES September 25, 2024 Mr. Davis of North Carolina (for himself and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To revise the dollar amount limitations for rural housing repair loans under section 504 of the Housing Act of 1949, and for other purposes.

1. Short title This Act may be cited as the Rural Housing Assistance Act . 2. Section 504 rural housing repair loans Section 504(a) of the Housing Act of 1949 ( 42 U.S.C. 1474(a) ) is amended— (1) by striking the third sentence and inserting the following: The maximum aggregate amount of outstanding loans under this section to one household for one dwelling shall not exceed $80,000, the maximum aggregate amount of grants under this section to one household for one dwelling shall not exceed $20,000, and the maximum aggregate amount of loans and grants under this section to one household for one dwelling shall not exceed $100,000. ; and (2) in the fourth sentence, by striking $7,500 and inserting $15,000 .