Bill · S. 885· Senate(119-S-885)
Strategy and Investment in Rural Housing Preservation Act of 2025
- Introduced
- 3/6/2025
- Last activity
- 3/6/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Jeanne Shaheen
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Strategy and Investment in Rural Housing Preservation Act of 2025 establishes a permanent program to preserve and revitalize multifamily rental housing projects. The program focuses on properties financed under sections 514, 515, or 516 of the Housing Act of 1949. It provides mechanisms for loan restructuring, such as reducing interest or deferring payments, to ensure projects remain safe and affordable. The Act also includes provisions for renewing rental assistance and protecting tenants through required annual notices. Additionally, it creates a process for transferring rental assistance and provides for technical assistance to help acquire or preserve properties. Finally, it mandates a written plan and an advisory committee to guide these preservation efforts.
Yes· 3 of 11
Would households on low incomes be better off under this?+8
The bill focuses on protecting and providing housing for low-income residents and farm laborers.
Would people in rural areas be better off under this?+7
Provides significant housing stability and preservation specifically for rural areas.
Does this make housing cost less?+7
The bill establishes a permanent program to preserve and revitalize multifamily rental housing for low-income residents.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Financial Stability for Housing Projects: The Secretary can restructure existing loans by reducing interest, deferring payments, or providing financial assistance to ensure projects have enough resources to remain safe and affordable (Section 2(c)).
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Tenant Information and Protection: Owners of property with maturing loans must receive annual written notice of options to extend loans, and tenants must receive annual written notice regarding loan maturity and how to protect their right to reside in assisted housing (Section s 2(b)(1) and 2(b)(2)).
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Language Accessibility: For properties where a significant number of residents speak other languages, required notices must be translated to ensure people understand their rights (Section 2(b)(2)(B)).
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Maintenance of Housing Standards: The bill requires owners to maintain or bring properties up to standards that ensure decent, safe, and sanitary housing (Section 2(d)(1)).
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Support for Tenant Transitions: The Secretary is tasked with developing a process to help tenants transfer rental assistance to other properties or obtain vouchers when a loan matures or is prepaid (Section 2(h)).
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Technical Assistance for Acquisition: Grants may be provided to nonprofit organizations and public housing agencies to provide financial and legal technical assistance to help acquire or preserve multifamily housing (Section 2(g)).
Potential Negative Impacts for People
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Administrative Costs: The Secretary may use up to $1,000,000 of the program's funds for administrative expenses (Section 2(i)).
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Requirement for Owner Plans: Owners may be required to submit plans that identify financing sources and a timetable for renovations and improvements (Section 2(f)(4)(A)).
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 Low Income Households+8Good For Rural Residents+7Good For Farmers+5Good For Business Owners+3Good For Women+3
- Social Issues And Justice
- Improves Affordable Housing+7Improves Poverty Reduction+5Reduces Homelessness+4
- Governance And Ideology
- Improves Government Transparency+4Increases Federal Power+3
- Environment Energy And Infrastructure
- Improves Rural Development+6
- 3/6/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jerry MoranRepublican · Kansas