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Mike Rounds: “On average, about 80 properties per year will mature through…”

Featuring: Mike Rounds, Republican | U.S. Senate South Dakota

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Senator Rounds Gives Senate Floor Speech about the 21st Century ROAD to Housing Act

Published | Video Starts at 02:49

We are already seeing the effects. Since 2016, more than 900 properties with over 20,000 units have left USDA's multifamily housing program. On average, about 80 properties per year will mature through 2028. After that, the pace accelerates dramatically, with hundreds of properties expected to mature each year in the following decade. In rural housing markets. Once these units disappear, they are almost never replaced. (02:49–02:55)

CLAIM

Asserts that approximately 80 properties per year will mature through 2028.

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