Housing Affordability Act

Summary

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.

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Timeline

1. 30 April 2025

   Introduced

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

   Source: IntroReferral

2. 30 April 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate

  Introduced in Senate · EN · 30 April 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 April 2025

  Open at official source

Sponsors

• Ruben Gallego · D · Sponsor
• David McCormick · R · Sponsor
• Kevin Cramer · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to ← Housing Affordability Act