According to this post on REALTOR.org, The National Association of Realtors® is urging the Senate to act quickly to approve House legislation passed today to extend loan commitment authority under the Rural Housing Service program to help families purchase homes in rural areas. The present commitment is expected to expire Friday, April 30.
The House bill, H.R. 5017, the Rural Housing Preservation and Stabilization Act of 2010, would provide additional commitment authority under Section 502, Rural Housing Service (RHS) Single Family Housing Guaranteed Loan Program, for the remainder of the fiscal year, which ends Sept. 30.
