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The Rural Housing Service Reform Act of 2023 reforms federal rural housing programs administered by the U.S. Department of Agriculture. The bill establishes a permanent housing preservation and revitalization program for multifamily rental properties, creates a Native Community Development Financial Institution (CDFI) relending program, modifies loan terms and foreclosure procedures, and authorizes funding for staffing and technology upgrades. It also expands rural housing voucher eligibility and assistance amounts, establishes a rural community development initiative, and requires studies and reports on rural housing loan programs and technology systems.
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