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Bill116th CongressFiled Jul 5, 2019Housing and Community Development
H.R. 3620

Strategy and Investment in Rural Housing Preservation Act of 2019

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Sep 10, 2019)

Strategy and Investment in Rural Housing Preservation Act of 2019

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

Specifically, the Department of Agriculture (USDA) must implement a program for the preservation and revitalization of such housing projects financed with USDA loans. As part of this program, USDA may restructure existing housing loans by, for example, reducing or eliminating interest and deferring loan payments.

Further, USDA must annually provide, to owners of properties with loans that will mature within four years, written notice explaining the options to restructure such loans. USDA must also provide, to households in properties with loans that will mature within two years, written notice of actions that may happen upon the loan's maturity and information on how to protect their right to reside in federally assisted housing.

Additionally, USDA may provide technical assistance grants to qualified nonprofit organizations and public housing agencies to help borrowers acquire multifamily rental-housing properties in areas where there is a risk of loss of affordable housing.

Further, USDA may 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.

USDA must also establish an advisory committee to assist in preserving such properties and implementing a specified plan to preserve their affordability for low-income families.

The bill also extends existing housing protections for victims of domestic violence, dating violence, sexual assault, and stalking to victims who receive housing voucher assistance. (These protections include a protection against eviction on the basis of being a victim of domestic violence.)

What just happenedSep 11, 2019

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Clay, Wm. Lacy [D-MO-1](D-MO)Sponsor
4 cosponsors4 D
Read on Congress.gov
4cosponsors2committees15actions3related bills18subjects
  1. Sep 11, 2019IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Sep 10, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 10, 2019FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7573-7574)

  4. Sep 10, 2019Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7573-7574)

  5. Sep 10, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3620.

  6. Sep 10, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H7573-7576)

  7. Sep 10, 2019FloorH30300

    Mr. San Nicolas moved to suspend the rules and pass the bill, as amended.

  8. Sep 6, 2019CalendarsH12410

    Placed on the Union Calendar, Calendar No. 156.

  9. Sep 6, 2019CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-198.

    Financial Services Committee
  10. Sep 6, 2019Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-198.

    Financial Services Committee
  11. Jul 11, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.

    Financial Services Committee
  12. Jul 11, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Jul 5, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  14. Jul 5, 2019IntroReferralIntro-H

    Introduced in House

  15. Jul 5, 2019IntroReferral1000

    Introduced in House

Passed HouseSep 10, 201953

Strategy and Investment in Rural Housing Preservation Act of 2019

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

Specifically, the Department of Agriculture (USDA) must implement a program for the preservation and revitalization of such housing projects financed with USDA loans. As part of this program, USDA may restructure existing housing loans by, for example, reducing or eliminating interest and deferring loan payments.

Further, USDA must annually provide, to owners of properties with loans that will mature within four years, written notice explaining the options to restructure such loans. USDA must also provide, to households in properties with loans that will mature within two years, written notice of actions that may happen upon the loan's maturity and information on how to protect their right to reside in federally assisted housing.

Additionally, USDA may provide technical assistance grants to qualified nonprofit organizations and public housing agencies to help borrowers acquire multifamily rental-housing properties in areas where there is a risk of loss of affordable housing.

Further, USDA may 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.

USDA must also establish an advisory committee to assist in preserving such properties and implementing a specified plan to preserve their affordability for low-income families.

The bill also extends existing housing protections for victims of domestic violence, dating violence, sexual assault, and stalking to victims who receive housing voucher assistance. (These protections include a protection against eviction on the basis of being a victim of domestic violence.)

Introduced in HouseJul 5, 2019

Strategy and Investment in Rural Housing Preservation Act of 2019

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

Specifically, the Department of Agriculture (USDA) must implement a program for the preservation and revitalization of such housing projects financed with USDA loans. As part of this program, USDA may restructure existing housing loans by, for example, reducing or eliminating interest and deferring loan payments.

Further, USDA must annually provide, to owners of properties with loans that will mature within four years, written notice explaining the options to restructure such loans. USDA must also provide, to households in properties with loans that will mature within two years, written notice of actions that may happen upon the loan's maturity and information on how to protect their right to reside in federally assisted housing.

Additionally, USDA may provide technical assistance grants to qualified nonprofit organizations and public housing agencies to help borrowers acquire multifamily rental-housing properties in areas where there is a risk of loss of affordable housing.

Further, USDA may 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.

USDA must also establish an advisory committee to assist in preserving such properties and implementing a specified plan to preserve their affordability for low-income families.

The bill also extends existing housing protections for victims of domestic violence, dating violence, sexual assault, and stalking to victims who receive housing voucher assistance. (These protections include a protection against eviction on the basis of being a victim of domestic violence.)

Strategy and Investment in Rural Housing Preservation Act of 2019 — Informed