Permanent Housing Affordability Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Mar 26, 2026
What it does
The Permanent Housing Affordability Act would establish two federal grant programs to support shared equity homeownership models that create permanently affordable housing for low- and moderate-income households. The Lasting Home Affordability Fund, administered by the Secretary of the Treasury, would provide $100 million in FY2027 to eligible grantees (state agencies, state housing authorities, and certified community development financial institutions) to make low-interest construction loans (max 3% interest, 1% fee) to eligible entities (local governments, state instrumentalities, or nonprofits including community land trusts) for developing or rehabilitating owner-occupied homes sold…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.