A bill to amend the Housing Act of 1949 to restrict the prepayment of rural rental housing loans made by the Secretary of Agriculture.
Rural Rental Housing Preservation Act of 1986 - Amends the Housing Act of 1949 to disqualify from receiving a subsequent loan any person whose prepayment of a rural rental housing loan causes substantial resident displacement.
Prohibits the Secretary of Agriculture from accepting prepayments on such loans made or insured prior to December 21, 1979, unless appropriate alternative housing is available.
Provides financial assistance to displaced residents.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Housing and Community Development.
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