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119-s-4182119th CongressWALLET

FARM Home Loans Act of 2026

Sponsored By: Senator Welch, Peter [D-VT]

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

Welch, Peter [D-VT]

VT • D

Cosponsors

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 9/30/2026

  • Sen. Justice, James C. [R-WV]

    WV • R

    Sponsored 3/24/2026

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 3/24/2026

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 3/24/2026

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 4/20/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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