H.R.4957

H. R. 4957

August 12, 2025

Mr. Nunn of Iowa (for himself and Mr. Cleaver) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To reform rural housing programs, and for other purposes.

1. Short title; table of contents; TITLE I—STREAMLINING AND UPDATES; 101. Application of multifamily mortgage foreclosure procedures to multifamily mortgages held by the Secretary of Agriculture and preservation of the rental assistance contract upon foreclosure; 102. Study on rural housing loans for housing for low- and moderate-income families; 103. Authorization of appropriations for staffing and IT upgrades; 104. Funding for technical improvements; TITLE II—RURAL HOUSING PRESERVATION AND REVITALIZATION; 201. Permanent establishment of housing preservation and revitalization program; 202. Rental assistance contract authority; TITLE III—SECTION 504 LOANS AND GRANTS; 301. Modifications to loans and grants for minor improvements to farm housing and buildings; income eligibility; TITLE IV—RURAL COMMUNITY DEVELOPMENT INITIATIVE GRANTS; 401. Rural community development initiative; TITLE V—REPORTS; 501. Annual report on rural housing programs; 502. GAO report on Rural Housing Service technology; TITLE VI—RURAL HOUSING VOUCHER PROGRAM; 601. Adjustment to rural development voucher amount; 602. Eligibility for rural housing vouchers; 603. Amount of voucher assistance; TITLE VII—TRANSFERS TO NONPROFIT ORGANIZATIONS; 701. Transfer of multifamily rural housing projects; TITLE VIII—SECTION 502 LOANS AND GUARANTEES; 801. Extension of loan term; 802. Release of liability for section 502 guaranteed borrower upon assumption of original loan by new borrower; 803. Department of Agriculture loan restrictions; TITLE IX—ACCESSORY DWELLING UNITS; 901. Loan guarantees; TITLE X—TIME FRAME FOR COMPLETING APPLICATION REVIEW; 1001. Application review