Finance and Financial Sector
Permanent Housing Affordability Act
- Introduced
- Committee
- House
- Senate
- President
- Law
- Introduced
- March 26, 2026
- Sponsor
- · D–WA
- Recorded roll calls
- None recorded
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Read FactVote summary
The bill would create Treasury grants for eligible grantees to establish revolving funds and provide low-interest construction loans for shared equity homeownership models, with interest rates capped at 3 percent and origination fees capped at 1 percent. It would establish a HUD grant pilot program for acquiring or developing properties that must be sold to households generally earning no more than 80 percent of area median income, or 120 percent in rural areas, with permanent affordability mechanisms. The bill would authorize $100 million for fiscal year 2027 for the loan program and $100 million annually for fiscal years 2027 through 2031 for the pilot program, and would permit certain surplus federal property transfers with a 75 percent market-value discount.
FactVote-generated overview; it is not an official CRS summary.