Strategy and Investment in Rural Housing Preservation Act Passes House

On September 10, the Strategy and Investment in Rural Housing Preservation Act of 2019 (H.R. 3620) passed in the House by voice vote.The bill is cosponsored by lead Rep. Lacy Clay (D-MO-01), original cosponsor Emanuel Cleaver (D-MO-05), and three other cosponsors including Reps. Cynthia Axne (D-IA-03), Al Lawson (D-FL-05), and David Scott (D-GA-13). The bill would permanently authorize the U.S. Department of Agriculture’s (USDA) Multifamily Housing Preservation and Revitalization program, expand the use of USDA vouchers, and establish an advisory committee to help the agency create and implement a plan to preserve rural multifamily housing backed by USDA loans. The proposal includes an authorization of $1 billion over 5 years to carry out the program. Read more about this legislation in Enterprise’s Adrienne Norwood’s blog post.

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