[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9816 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9816

To revise the dollar amount limitations for rural housing repair loans 
 under section 504 of the Housing Act of 1949, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2024

    Mr. Davis of North Carolina (for himself and Mr. Nunn of Iowa) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

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                                 A BILL


 
To revise the dollar amount limitations for rural housing repair loans 
 under section 504 of the Housing Act of 1949, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rural Housing Assistance Act''.

SEC. 2. SECTION 504 RURAL HOUSING REPAIR LOANS.

    Section 504(a) of the Housing Act of 1949 (42 U.S.C. 1474(a)) is 
amended--
            (1) by striking the third sentence and inserting the 
        following: ``The maximum aggregate amount of outstanding loans 
        under this section to one household for one dwelling shall not 
        exceed $80,000, the maximum aggregate amount of grants under 
        this section to one household for one dwelling shall not exceed 
        $20,000, and the maximum aggregate amount of loans and grants 
        under this section to one household for one dwelling shall not 
        exceed $100,000.''; and
            (2) in the fourth sentence, by striking ``$7,500'' and 
        inserting ``$15,000''.
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