Housing Affordability Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Housing Affordability Act modifies the loan limits for multifamily housing projects under Title II of the National Housing Act. Specifically, it increases the dollar amounts used to determine loan limits for various types of projects, with adjustments taking effect starting January 1, 2026. The bill also clarifies procedures for publishing adjustments and rounding amounts.
Key provisions
- Increases loan limits for multifamily housing projects.
- Adjusts dollar amounts used to calculate loan limits.
- Sets the effective date for adjustments to January 1, 2026.
- Requires the Secretary of Housing and Urban Development to publish adjustments in the Federal Register.
- Specifies rounding rules for adjustment amounts.
- Modifies loan limits for specific project types (e.g., construction, rental assistance).
- Updates the methodology for calculating loan limits based on the Price Deflator Index.
Who is affected
- Developers of multifamily housing projects
- Lenders providing financing for multifamily housing projects
- Low- and moderate-income housing providers
- Housing finance agencies
Notable changes
- Significantly increases loan limits for multifamily housing projects.
- Introduces a new calculation method for loan limits based on the Price Deflator Index.
Bill text
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Sponsors
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