S. 3646 proposes changes to the Housing Act of 1949, specifically targeting rural housing site loans for low- and moderate-income families. The bill aims to extend the term of these loans from two years to five years and clarifies that certain activities, like surveying and...
Simple Explanation
S. 3646 is like a rulebook change to let people in the countryside take five years instead of two to build homes with special loan money, and it tells them they can use the money for work like measuring and planning. It also takes away the chance to get extra time just in case, which means they have to finish in five years no matter what.