More rural housing prepayments coming?

HAC News spots a USDA proposal to Congress for "revitalization" of rural multifamily housing that, as HAC understands it, would "repeal restrictions on prepayment of Section 515 and 514 loans, create a new voucher program for 515 tenants displaced by prepayments, require some 515 tenants to pay minimum rents, and enable 515 owners with loans made before January 1, 1992 to restructure their debts." It's a prospect that could change the rural housing picture radically, as there seem to be quite a few owners of aging Sec. 514 and 515 properties who would jump at the chance to get out of the subsidized housing business through prepayment. Unclear how this proposal would interact with the Franconia Associates holding (mentioned here in Monday's post), which upheld prepayment rights for certain Sec. 515 owners with older mortgages.