1. Short title This Act may be cited as the Rural Housing Preservation Act of 2019 . 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: (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 that is— (A) financed with a loan made or insured under section 514 or 515 that has been prepaid or has matured after September 30, 2005; or (B) assisted under section 514 or 516 that is owned by a nonprofit organization or public agency. (2) Administration and subsidies (A) In general The Secretary shall, to the maximum extent practicable, administer and operate rural housing vouchers under this section according to regulations and administrative guidance that is applicable to enhanced vouchers under section 8(t) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(t) ) administered by the Secretary of Housing and Urban Development. (B) Amount of assistance The amount of rental assistance provided on behalf of holders of rural housing vouchers under this section shall be the same as the rental assistance provided on behalf of holders of enhanced vouchers under section 8(t) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(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 514 or 515 for the property