Relating to notice of maturity of rural rental housing loans.
Catchline/Summary:
Requires owners of rental property subject to federal rural rental housing loans to provide at least one year's notice of date of maturity of loans to tenants, Housing and Community Services Department, housing authorities and local governments. Requires owners of rental property subject to federal rural rental housing loans to provide at least one year's notice of date of maturity of loans to tenants, Housing and Community Services Department, housing authorities and local governments.
Provides that owners' failure to provide notice entitles tenants to continue residing on rental properties until expiration of one-year period] for up to one year after date of maturity of loans without increase in rent.
Declares emergency, effective on passage.].
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