FARM Home Loans Act of 2023

Bill: 118-s-3497
Sponsor: full_name: Sen. Braun, Mike [R-IN]
Introduced: 2023-12-13
Policy area: Housing and Community Development
Latest action: action_date: 2023-12-13
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:

tv_txt: II 118th CONGRESS 1st Session S. 3497 IN THE SENATE OF THE UNITED STATES December 13, 2023 Mr. Braun (for himself and Mr. Markey ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Farm Credit Act of 1971 to modify rural housing financing under that Act.

1. Short title This Act may be cited as the Fostering the Availability in Rural Markets of Home Loans Act of 2023 or the FARM Home Loans Act of 2023 . 2. Rural housing financing Section 1.11(b) of the Farm Credit Act of 1971 ( 12 U.S.C. 2019(b) ) is amended— (1) in paragraph (2), by striking appurtenances and inserting appurtenances, including accessory dwelling units, ; and (2) in paragraph (3), by striking 2,500 and inserting 10,000 .