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Extends from two years to five years the repayment term for certain loans to finance the purchase and development of housing sites for low-…
S. 3646118th Congress

Extends from two years to five years the repayment term for certain loans to finance the purchase and development of housing sites for low-…

Passed the SenateSen. Jerry Moran (R-KS)5 sections · 1 min read
Version: es · Apr 20, 2026

Section 1. 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.

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