Emergency Rural Housing Act

[AI summary unavailable — showing source text] Emergency Rural Housing Act - Title I: Presents the finding of the Congress that there are millions of substandard dwelling units in rural areas, that existing agencies operating under existing authorities could not meet the needs of millions of the rural poor, and that there is a need for emergency action in rural housing programs. Establishes an Emergency Rural Housing Administration, the management of which shall be vested in an Administrator appointed by the President with the consent of the Senate. Makes it the duty of the Administrator to provide minimal housing facilities for eligible persons in rural areas and small communities and to do so, to the extent possible, within a five-year period. Forbids the duties and powers of the Administration to be transferred to any other department, agency, or instrumentality of the United States. Authorizes the Administrator to make loans to eligible persons to finance the acquisition of land and the construction thereon of minimal housing facilities, or to finance the acquisition and rehabilitation of existing facilities in accordance with minimum housing facilities standards. Provides that at least 50 percent of the principal amount of…