HR 9560
HPRP Progress Act of 2024
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Bill overview
This bill, the Heirs’ Property Relending Program Progress Act of 2024, aims to improve the Heirs’ Property Relending Program by allowing the Department of Agriculture to use loan funds to cover administrative costs. It changes the program’s rules to specifically focus on assisting heirs with resolving land ownership issues and allows for up to 30% of a loan to be used for these administrative costs. The bill also increases the program’s authorized funding and requires a report on the program’s effectiveness to be submitted to Congress.
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