Due to the hard work of NOMAR, LR and NAR a clear message has successfully gotten through to the Senate regarding the importance of Rural Housing Development Loans in Louisiana and other states around the country.
As part of the Farm Bill (S.3240), the U.S. Senate passed an amendment by Senators Nelson (D-NE) and Johanns (R-NE) that will grandfather communities currently eligible for rural housing programs, and increase the population threshold for those communities to 35,000.
Due to the 2010 census, many communities are losing eligibility for rural housing programs because their populations have grown. Congress set the definition of “rural” in 1974, and it has not been updated. The amendment will grandfather existing communities through the next census. The House is expected to mark-up their version of the Farm bill this summer.