A permanent housing preservation and revitalization program is established
To increase the supply of housing in America, and for other purposes, section 502, Sec. 502.
Written by .
A permanent housing preservation and revitalization program is established
The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 502 in the PDF
What the document says
“The Secretary shall carry out a program under this section for the preservation and revitalization of multifamily rental housing projects financed under section 514, 515, or 516.”
The section adds a new section 545 to title V of the Housing Act of 1949 requiring the Secretary of Agriculture to run a program preserving and revitalizing multifamily rental housing projects financed under sections 514, 515, or 516 of that Act.
What the document actually says
“The Secretary shall carry out a program under this section for the preservation and revitalization of multifamily rental housing projects financed under section 514, 515, or 516.”
That sentence, in plain words
The farm agency must run a program. Its job is to save and renew rental housing. That housing was built with three kinds of federal loan.
What this is about
Much rural rental housing was built decades ago. Its loans are now coming due. When they do, the housing can leave the program.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 502, 140 Stat. 918 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A permanent housing preservation and revitalization program is established,” Increase the supply of housing in America, section 502, Sec. 502. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec502-preservation-program/ (retrieved August 26, 2026).
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