Rural Housing Service Reform Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1260 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1260 To reform rural housing programs, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 2, 2025 Ms. Smith (for herself, Mr. Rounds, Mr. Daines, Mr. Fetterman, Mr. Crapo, Mr. Warner, Mr. Cramer, Mr. Warnock, Mrs. Shaheen, and Mr. Moran) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To reform rural housing programs, 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; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Rural Housing Service Reform Act of 2025''. (b) Table of Contents.--The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. TITLE I--STREAMLINING AND UPDATES Sec. 101. Application of multifamily mortgage foreclosure procedures to multifamily mortgages held by the Secretary of Agriculture and preservation of the rental assistance contract upon foreclosure. Sec. 102. Study on rural housing loans for housing for low- and moderate-income families. Sec. 103. Authorization of appropriations for staffing and IT upgrades. Sec. 104. Funding for technical improvements. TITLE II--RURAL HOUSING PRESERVATION AND REVITALIZATION Sec. 201. Permanent establishment of housing preservation and revitalization program. Sec. 202. Rental assistance contract authority. TITLE III--NATIVE CDFI RELENDING Sec. 301. Native CDFI relending program. TITLE IV--SECTION 504 LOANS AND GRANTS Sec. 401. Modifications to loans and grants for minor improvements to farm housing and buildings; income eligibility. TITLE V--RURAL COMMUNITY DEVELOPMENT INI