S 2790
Rural Housing Service Reform Act of 2023
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Bill overview
The Rural Housing Service Reform Act of 2023 aims to modernize and improve the Rural Housing Service (RHS) programs, particularly those focused on rural housing preservation and revitalization. It proposes streamlining foreclosure procedures for multifamily mortgages, conducting a study on low- and moderate-income housing loans, establishing a permanent housing preservation program, and addressing Native CDFI relending. The bill also includes provisions for rural housing vouchers, Section 504 loans and grants, and community development initiatives, alongside reports and adjustments to existing programs.
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