Section 1. Short title
This Act may be cited as the Promote Affordable Rural Housing Act.
Section 2. Financial assistance to nonprofit organizations to provide sites for rural housing for low- and moderate-income families
Section 524(a)(1) of the Housing Act of 1949 (42 U.S.C. 1490d(a)(1)) is amended—
(1) in the first sentence, by inserting after development of land the following:, including for activities necessary for the development of land, such as surveying, architecture, and engineering,; and
(2) in the second sentence—
(A) by striking two years and inserting five years; and
(B) by striking or within such additional period as may be authorized by the Secretary in any case as being necessary to carry out the purposes of this section.