A bill to amend the Housing Act of 1949 to extend the term of rural housing site loans and clarify the permissible uses of such loans.

This bill (S 3646) updates the Housing Act of 1949 to support rural housing projects. It extends the repayment term for rural housing site loans from two years to five years and expands the allowed uses of these loans to include surveying, architecture, and engineering services needed for land development. The changes directly affect nonprofit organizations that develop sites for low- and moderate-income rural families. The key provisions clarify loan flexibility and provide more time for project completion, making it easier for nonprofits to secure and manage these housing developments.