Bill · S. 4182· Senate(119-S-4182)
FARM Home Loans Act of 2026
- Introduced
- 3/24/2026
- Last activity
- 3/24/2026 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Peter Welch
- Cosponsors
- - 2 - 3
- Introduced
- In Committee
What this bill would do
This bill, titled the "Fostering the Availability in Rural Markets of Home Loans Act of 2026," aims to amend the Farm Credit Act of 1971. It focuses on modifying how rural housing is financed. The legislation specifically updates the definitions and limits regarding rural property. These changes involve appurtenances and specific numerical limits within the Act.
Yes· 3 of 4
Would people in rural areas be better off under this?+5
The bill facilitates more flexible housing financing options specifically within rural markets.
Does this make housing cost less?+5
The bill expands the definition of rural property to include accessory dwelling units and increases the numerical limit for financing, which can aid housing availability.
Does this invest in rural communities?+4
The act modifies rural housing financing rules to include accessory dwelling units, supporting rural community infrastructure.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded housing options: By including "accessory dwelling units" as part of appurtenances, the bill allows for more diverse housing arrangements in rural markets (Section 2, paragraph 1).
-
Increased property limits: The increase of the numerical value from "2,500" to "10,000" modifies the current financing framework under the Farm Credit Act (Section 2, paragraph 2).
Potential Negative Impacts for People
- No negative impacts identified: The provided text does not contain information regarding potential negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Rural Residents+5Good For Low Income Households+3
- Social Issues And Justice
- Improves Affordable Housing+5
- Environment Energy And Infrastructure
- Improves Rural Development+4
- 9/30/2026
- 1 Cosponsor added.
- 4/20/2026
- 1 Cosponsor added.
- 3/24/2026
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 3 Cosponsors added.
- Introduced in Senate
Cory BookerDemocrat · New Jersey
Cindy Hyde-SmithRepublican · Mississippi
James JusticeRepublican · West Virginia
Adam SchiffDemocrat · California
Rick ScottRepublican · Florida