FARM Home Loans Act of 2026
Sponsored By: Senator Peter Welch
Introduced
Summary
Expands rural mortgage scope to include accessory dwelling units and larger communities. This bill would amend Section 1.11(b) of the Farm Credit Act of 1971 to list accessory dwelling units as appurtenances and to raise the numeric population cutoff in that section from 2,500 to 10,000.
Show full summary
- Rural homeowners would be able to count accessory dwelling units as appurtenances for loans governed by Section 1.11(b).
- Communities with populations up to 10,000 would meet the higher numeric threshold in that section, widening the geographic areas the provision covers.
- Lenders operating under the Farm Credit Act would apply the updated definitions when determining which properties qualify under Section 1.11(b).
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More rural home loan access
If enacted, the bill would let communities of up to 10,000 people (instead of 2,500) qualify for Farm Credit rural housing financing. It would also explicitly include accessory dwelling units (ADUs) as appurtenances. If your property and community meet those tests, homeowners or buyers would be able to use Farm Credit rural housing loans. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Peter Welch
VT • D
Cosponsors
James Justice
WV • R
Sponsored 3/24/2026
Adam Schiff
CA • D
Sponsored 3/24/2026
Cindy Hyde-Smith
MS • R
Sponsored 3/24/2026
Roll Call Votes
No roll call votes available for this bill.
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