Search Results: keywords:"accessory dwelling units"

  • S. 3497 — To amend the Farm Credit Act of 1971 to modify rural housing financing under that Act.
    Status:Introduced in Senate
    Words:233

    S. 3497, titled the “Fostering the Availability in Rural Markets of Home Loans Act of 2023” or the “FARM Home Loans Act of 2023,” proposes changes to the Farm Credit Act of 1971. It seeks to improve rural housing financing by allowing accessory dwelling units to be included...

    Simple Explanation

    S. 3497 is a plan to help more people in the countryside get loans to buy or build houses. It wants to make it easier for families in bigger small towns and include extra little homes, like granny flats, in the plan.

  • S. 5071 — To amend the Housing Act of 1949 to permit certain grants to be used for accessory dwelling units, and for other purposes.
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    Status:Introduced in Senate
    Words:1,742

    The bill, S. 5071, aims to amend the Housing Act of 1949 to allow certain grants to be used for building accessory dwelling units, which are small, separate living spaces on the same property as a single-family home. It sets limits on the use of grants, such as ensuring they don't cover more...

    Simple Explanation

    The bill wants to change some rules so people can get money to help build little homes in their backyard. These new homes can only get help for part of the cost, and there’s a limit on how much money they can get.

  • S. 3905 — To amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units.
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    Status:Introduced in Senate
    Words:1,389

    S. 3905 proposes changes to the National Housing Act to raise the loan limits for property improvements and to specify that loans can be used for building accessory dwelling units, like tiny homes or additional suites on a property. It introduces specific loan amounts for...

    Simple Explanation

    S. 3905 is about letting people borrow more money to fix up their homes or build small extra houses, like tiny homes, in their yards. It also talks about making sure these rules make sense for everyone and wants someone to check how much these little houses really cost.