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Senators and advocates press for rural housing preservation as USDA mortgages mature
Summary
Committee members and the National Low Income Housing Coalition discussed risks from expiring USDA mortgages in rural areas and urged policies to preserve affordability and continue rental assistance when loans mature.
WASHINGTON — Rural housing preservation and the potential loss of affordable units as USDA mortgages mature drew sustained attention at a Senate Banking Committee hearing, with senators and witnesses urging legislative updates to protect tenants and preserve the housing stock.
Renee Willis of the National Low Income Housing Coalition said expiring USDA mortgages, often paired with subsidies,…
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