Last week, the Housing, Transportation and Community Development subcommittee of the Senate Banking, Housing and Urban Affairs committee held a hearing on Rural Housing Legislation. The witnesses:

highlighted the housing challenges in rural communities and offered legislative solutions, including the rural basis boost included in the Affordable Housing Credit Improvement Act. Much of the hearing focused on the Rural Housing Service Reform Act (S. 1389), which would notably decouple a Section 515 mortgage from Section 521 Rental Assistance so that rental assistance doesn’t disappear when those mortgages mature.