What does Preamble of Rural Housing Service Reform Act of 2025 do?

This bill is formally titled 'To reform rural housing programs, and for other purposes.' The bill aims to reform rural housing programs.

What does APPLICATION OF MULTIFAMILY MORTGAGE FORECLOSURE PROCEDURES TO of Rural Housing Service Reform Act of 2025 do?

This section amends the Multifamily Mortgage Foreclosure Act of 1981 to include references to sections 514, 515, and 538 of the Housing Act of 1949. The amendment modifies subparagraphs (D) and (E) of section 363(2) of the Multifamily Mortgage Foreclosure Act. Section 521(d) of the Housing Act of 1949 is amended to require the Secretary to maintain rental assistance payments during foreclosure proceedings. The amendment allows the rental assistance contract to be used to provide further assistance to existing projects under 514, 515, or 516.

What does STUDY ON RURAL HOUSING LOANS FOR HOUSING FOR LOW- AND of Rural Housing Service Reform Act of 2025 do?

This section requires the Secretary of Agriculture to conduct a study on the loan program under section 521 of the Housing Act of 1949. The study must be completed within six months of the Act's enactment and submitted to Congress. The report must be publicly available. The study should include the total amount of subsidies provided to borrowers with loans made under section 502 of the Housing Act of 1949. The report must detail how much of those subsidies are being recaptured. The study should also address the time and costs associated with recapturing subsidies.

What does AUTHORIZATION OF APPROPRIATIONS FOR STAFFING AND IT UPGRADES. of Rural Housing Service Reform Act of 2025 do?

This section authorizes appropriations to the Secretary of Agriculture. The appropriations are intended for fiscal years 2026 through 2030. The funds are for increased staffing needs and information technology upgrades. These upgrades are to support all Rural Housing Service programs.

What does FUNDING FOR TECHNICAL IMPROVEMENTS. of Rural Housing Service Reform Act of 2025 do?

This section authorizes appropriations to the Secretary of Agriculture for technology improvements within the Rural Housing Service. The authorized funds are intended to improve the technology used to process and manage housing loans. Funds appropriated under this section remain available for five years after the date of appropriation. The Secretary of Agriculture is required to implement these improvements within a five-year period beginning when funds are appropriated.

What does PERMANENT ESTABLISHMENT OF HOUSING PRESERVATION AND of Rural Housing Service Reform Act of 2025 do?

This section amends the Housing Act of 1949 to establish the Housing Preservation and Revitalization Program. The Secretary is tasked with carrying out this program to preserve and revitalize multifamily rental housing projects financed under specific sections (514, 515, or 516). The Secretary must provide annual written notices to owners of maturing properties, outlining available options and financial incentives. Tenants of these properties will receive annual notices, at least two years before loan maturity, detailing the loan maturity date, potential actions, and how to protect their housing rights or secure housing vouchers. The Secretary can restructure existing housing loans to ensure projects have resources for safe and affordable housing, potentially through measures like interest reduction, deferred payments, or loan reamortization. Rental assistance contracts may be renewed for up to 20 years when loans are restructured, contingent on the owner maintaining the property and securing annual appropriations. Restrictive use agreements will be obtained to obligate owners to operate projects in accordance with the Housing Act. The Secretary may provide grants to organizations for technical assistance to facilitate the acquisition or preservation of multifamily housing properties. The Secretary is authorized to use up to $1,000,000 for administrative expenses related to the program.

What does RENTAL ASSISTANCE CONTRACT AUTHORITY. of Rural Housing Service Reform Act of 2025 do?

This section amends Section 521(d) of the Housing Act of 1949. It authorizes the Secretary to enter into renewal agreements for projects financed under sections 514 or 515 for a period of 20 years or the term of the loan, whichever is shorter, subject to appropriations. The amendment changes language from 'shall' to 'may' in paragraph (2). It establishes a process for rental assistance contract authority that becomes available due to the termination of assistance for an assisted family. Owners of rental projects have the option to use unused assistance authority within six months to assist eligible unassisted families residing in or newly occupying units in the same project. If not used within six months, the Secretary must use the remaining authority to assist eligible families in other projects originally financed under sections 514, 515, or 516.

What does MODIFICATIONS TO LOANS AND GRANTS FOR MINOR IMPROVEMENTS TO of Rural Housing Service Reform Act of 2025 do?

Section 504(a) of the Housing Act of 1949 is amended. The amendment allows for loans to eligible low-income applicants. At least 60 percent of loan funds must be reserved for very low-income applicants. The maximum loan amount is increased from $7,500 to $15,000.

What does RURAL COMMUNITY DEVELOPMENT INITIATIVE. of Rural Housing Service Reform Act of 2025 do?

This section amends the Consolidated Farm and Rural Development Act to establish a Rural Community Development Initiative. The Secretary is directed to provide grants to eligible intermediaries. These grants will fund programs offering financial and technical assistance to eligible entities. Eligible entities include private, nonprofit community-based housing or community development organizations, rural communities, and federally recognized Indian Tribes. Eligible intermediaries are qualified private or public organizations. Grants to eligible intermediaries are capped at $250,000. Eligible intermediaries must provide matching funds equal to the grant amount, unless waived by the Secretary for projects in persistently poor rural regions.

What does ANNUAL REPORT ON RURAL HOUSING PROGRAMS. of Rural Housing Service Reform Act of 2025 do?

This section amends Title V of the Housing Act of 1949 to require the Secretary of Agriculture to submit an annual report on rural housing programs. The report must be submitted to the appropriate committees of Congress and published on the Department of Agriculture's website. The report must include raw data sortable by programs and region regarding loan performance. It must also include information on the housing stock of these programs, including reasons for properties ending participation. Risk ratings for properties assisted under these programs must be included in the report. The data in the report may be aggregated or anonymized to protect participant financial or personal information.

Back to bills

Rural Housing Service Reform Act of 2025

Last updated: 8/12/2025 · Introduced: 8/12/2025

Author: Zachary Nunn (R-IA)

TL;DR (AI)

This bill establishes the Housing Preservation and Revitalization Program to preserve and revitalize rural multifamily rental housing projects, providing financial incentives and annual notices to owners and tenants.
It increases the maximum loan amount for minor home improvements under Section 504 of the Housing Act of 1949 from $7,500 to $15,000, with at least 60% of funds reserved for very low-income applicants.
The bill authorizes increased funding for Rural Housing Service staffing and information technology upgrades to improve program efficiency and support all related initiatives.
It expands eligibility for rural housing vouchers to include households residing in properties that have prepaid, foreclosed, or matured after 2005, providing continued housing assistance.
The legislation creates a Rural Community Development Initiative, providing grants to intermediaries to offer financial and technical assistance to rural communities and organizations.

119th Congressin committeeS. 1260(In Committee)Official page

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