118th CONGRESS
2d Session
S. 3646
AN ACT
To amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.
Financial assistance to nonprofit organizations to provide sites for rural housing for low- and moderate-income families
Section 524(a)(1) of the Housing Act of 1949 (42 U.S.C. 1490d(a)(1)) is amended—
in the first sentence, by inserting after development of land
the following: , including for activities necessary for the development of land, such as surveying, architecture, and engineering,
; and
in the second sentence—
by striking two years
and inserting five years
; and
by striking or within such additional period as may be authorized by the Secretary in any case as being necessary to carry out the purposes of this section
.
Passed the Senate January 23, 2024.
Secretary