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S 1527 119th Congress Senate Finance and Financial Sector

Housing Affordability Act

Introduced: April 30, 2025 Introduced by: Gallego, Ruben Democratic · Arizona See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 30, 2025
Introduced in Senate
 Plain-English summary Congressional Research Service

Housing Affordability Act

This bill increases the Federal Housing Administration’s (FHA's) multifamily housing loan limits for mortgage insurance and requires the use of a more specific inflation index for these limits.

Specifically, the bill increases the loan limits to qualify for FHA mortgage insurance for rental housing, cooperative housing, rehabilitation and neighborhood conservation housing, housing for moderate income and displaced families, housing for elderly persons, and condominiums, and it requires these limits to be indexed to the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census. Currently, these limits are indexed to the Consumer Price Index for All Urban Consumers.

What's happening now April 30, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Cosponsors 2
All 2 Republican 2