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S. 4872 · 117th Congress

Strategy and Investment in Rural Housing Preservation Act of 2022

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

1 cosponsor · 1 D

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Strategy and Investment in Rural Housing Preservation Act of 2022

What it does: CRS summary · Introduced in Senate · Sep 15, 2022

Strategy and Investment in Rural Housing Preservation Act of 2022

This bill provides assistance to rural, multifamily rental-housing projects and tenants.

Specifically, the bill provides statutory authority for a Department of Agriculture (USDA) program that supports the preservation and revitalization of affordable housing projects that are financed with USDA loans.

Further, the bill makes changes to certain USDA rental assistance programs including by authorizing the USDA to provide rural housing vouchers for low-income households (including those not receiving rental assistance) residing in certain properties financed with or insured by USDA loans.

The USDA must also report on preserving the affordability of rental projects financed by USDA loans for low-income families.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Strategy and Investment in Rural Housing Preservation Act of 2022

Latest action (Sep 20, 2022): Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.

Policy area: Housing and Community Development · Origin: Senate · Introduced: Sep 15, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.