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.