Housing Affordability Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Latest action
- Apr 30, 2025
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What it does
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.
Official summary · Introduced in Senate · Apr 30, 2025
Titles and provisions can change as the bill moves.
What moved
Who is involved
- Sen. Gallego, Ruben [D-AZ]Lead sponsor
- Sen. Cramer, Kevin [R-ND]Co-sponsor
- Sen. McCormick, David [R-PA]Co-sponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Work with this bill
Where it goes next
While a bill can still move, the questions are about people and money.
- Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
- Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
- Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.
- Bills still moving in CongressNewest first, the ones that can still change