1. Short title This Act may be cited as the Rural Housing Preservation Act of 2018 . 2. Availability of rural housing vouchers for tenants in projects with maturing loans (a) In general Section 542 of the Housing Act of 1949 ( 42 U.S.C. 1490r ) is amended by adding at the end the following new subsections: (c) Rural vouchers for tenants of projects with prepaid or maturing loans (1) Authority Subject to the availability of amounts provided in appropriation Acts and to paragraph (3), the Secretary shall provide rural housing vouchers under this section, in the amount provided under this section, to any low-income household (including those not receiving rental assistance) residing in a property financed with a loan made or insured under section 514 or 515 ( 42 U.S.C. 1484 , 1485) which has been prepaid, has been foreclosed, or has matured, after September 30, 2005, or residing in a property assisted under section 514 or 516 ( 42 U.S.C. 1484 , 1486) that is owned by a nonprofit organization or public agency. (2) Administration and subsidies The Secretary shall, to the maximum extent practicable, administer and operate such vouchers with current regulations and administrative guidance applicable to enhanced vouchers under section 8(t) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(t) ) and administered by the Secretary of Housing and Urban Development. The amount of rental assistance provided on behalf of holders of such vouchers shall be the same as that provided on behalf of holders of enhanced vouchers under such section 8(t). (3) Termination of assistance The Secretary shall terminate the provision of voucher assistance pursuant to this subsection, with respect to a property, if— (A) at any time, a new loan is made or insured under section 515 or 514 for the property