Sec. 209. Rural multifamily housing preservation and revitalization demonstration program
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There is authorized to be appropriated for carrying out the Multifamily Preservation and Revitalization Demonstration program of the Rural Housing Service (as authorized under sections 514, 515, and 516 of the Housing Act of 1949 ( 42 U.S.C. 1484 , 1485, and 1486)) $5,000,000,000 and any amounts appropriated pursuant to this section shall remain available until expended. Any amounts made available pursuant to this section may be used under such sections 514, 515, and 516 to finance the development and construction of new affordable housing.
Not less than 15 percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and, at the Secretary’s discretion, other strategies to enhance the environmental sustainability of housing production and design.
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Sec. 209
Rural multifamily housing preservation and revitalization demonstration program
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