H.R. 3620: Strategy and Investment in Rural Housing Preservation Act of 2019

116th Congress · introduced 2019-07-05 · Housing and Community Development · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2019-07-05 · official record
Who proposed it: Rep. Clay, Wm. Lacy [D-MO-1] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Strategy and Investment in Rural Housing Preservation Act of 2019

Plain summary

Strategy and Investment in Rural Housing Preservation Act of 2019 This bill provides assistance to rural, multifamily rental-housing projects and tenants. Specifically, the Department of Agriculture (USDA) must implement a program for the preservation and revitalization of such housing projects financed with USDA loans. As part of this program, USDA may restructure existing housing loans by, for example, reducing or eliminating interest and deferring loan payments. Further, USDA must annually provide, to owners of properties with loans that will mature within four years, written notice explaining the options to restructure such loans. USDA must also provide, to households in properties with loans that will mature within two years, written notice of actions that may happen upon the loan's maturity and information on how to protect their right to reside in federally assisted housing. Additionally, USDA may provide technical assistance grants to qualified nonprofit organizations and public housing agencies to help borrowers acquire multifamily rental-housing properties in areas where there is a risk of loss of affordable housing. Further, USDA may provide rural housing vouchers for low-income households (including those not receiving rental assistance) residing in certain properties financed with or insured by USDA loans. USDA must also establish an advisory committee to assist in preserving such properties and implementing a specified plan to preserve their affordability for low-income families. The bill also extends existing housing protections for victims of domestic violence, dating violence, sexual assault, and stalking to victims who receive housing voucher assistance. (These protections include a protection against eviction on the basis of being a victim of domestic violence.)

Congressional Research Service summary (Passed House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Strategy and Investment in Rural Housing Preservation Act of 2019

Source: Congressional Research Service summary (Passed House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Clay, Wm. Lacy [D-MO-1] · 4 cosponsors

Cost estimate: CBO cost estimate: H.R. 3620, Strategy and Investment in Rural Housing Preservation Act of 2019 (2019-09-09)

Cosponsors on this site

Emanuel Cleaver (D-MO)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr3620.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr3620 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116