H.R. 5039, The Saving America's Rural Housing Act of 2006 (2 comments ↓)
- This item is from the 109th Congress (2005-2006) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
H.R. 5039 would require the Rural Housing Service (RHS) within the Department of Agriculture to implement a program aimed at preserving rural rental housing supported by section 515 of the Housing Act of 1949 by restructuring loans on existing properties. Under the legislation, RHS would provide housing vouchers to certain families who would be displaced if property owners prepay the mortgages on properties where they now reside.