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.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-09-11 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2019-09-10 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2019-09-10 | Floor | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7573-7574) | House floor actions |
| 2019-09-10 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 3620. | House floor actions |
| 2019-09-10 | Floor | Considered under suspension of the rules. (consideration: CR H7573-7576) | House floor actions |
| 2019-09-10 | Floor | Mr. San Nicolas moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2019-09-06 | Calendars | Placed on the Union Calendar, Calendar No. 156. | House floor actions |
| 2019-09-06 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 116-198. | House floor actions |
| 2019-07-11 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0. | House committee actions |
| 2019-07-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2019-07-05 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2019-07-05 | IntroReferral | Introduced in House | Library of Congress |