To amend the National Housing Act to direct the Secretary of Housing and Urban Development to establish a program to insure certain second liens secured against property for the purpose of financing the construction of an accessory dwelling unit, and for other purposes.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 17
- Latest action
- Jul 17, 2025
What it does
HR.4479 would direct the Secretary of Housing and Urban Development to create a program within two years of enactment to insure certain second liens on properties used to finance the construction of accessory dwelling units (ADUs), such as backyard cottages or in-law suites. The insurance would cover loans up to 30% of the value of a one-unit residence or 100% of the property’s projected post-construction value, with potential increases based on 50% of expected annual rental income from the ADU. Borrowers must apply and certify ownership, and the program would charge an annual premium not exceeding 1% of the insured loan amount, with annual reporting to Congress required. The bill also…
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.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.