Bill · H.R. 8127· House(119-HR-8127)
Permanent Housing Affordability Act
- Introduced
- 3/26/2026
- Last activity
- 3/26/2026 — Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Kim Schrier
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Permanent Housing Affordability Act aims to promote shared equity models of homeownership to create permanent housing for low- and moderate-income households. It establishes a Lasting Home Affordability Fund to provide low-interest construction loans to eligible entities. The bill also creates a Lasting Affordability Homeownership Grant Pilot Program for purchasing land or existing properties. Additionally, the act mandates research, public awareness, and outreach regarding community land trusts and shared equity models. Finally, it amends existing law to allow the conveyance of surplus federal land to community land trusts at a significant discount.
Yes· 3 of 35
Would households on low incomes be better off under this?+9
Directly targets low- and moderate-income households with permanently affordable housing and financing.
Does this make housing cost less?+9
The core purpose of the bill is to create permanently affordable owner-occupied housing through shared equity and community land trusts.
Would Black Americans be better off under this?+7
Targeting redlined areas specifically addresses systemic housing inequities affecting African American communities.
The opposite· 3 of 6
Would people with substantial wealth be better off under this?-3
Shared equity models reduce the potential for high-profit real estate speculation.
Would the very wealthiest people be better off under this?-3
Shared equity models reduce the potential for high-profit real estate speculation.
Would billionaires be better off under this?-3
Shared equity models reduce the potential for high-profit real estate speculation.
Who it would affect, and how
Potential Positive Impacts for People
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Access to Low-Interest Loans: Eligible entities can receive loans with an interest rate of not more than 3 percent and an origocation fee of no more than 1 percent to fund construction or rehabilitation (Section 3(c)(2)).
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Affordable Housing Opportunities: The bill facilitates the creation of owner-occupied housing that remains affordable for at least 99 years or the maximum allowed by state law (Section 2(2)(D)).
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Targeted Support for High-Need Areas: Loans may be prioritized for properties located in areas with high cost burdens, redlining, or those at risk of displacement (Section 3(c)(4)).
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Financial Assistance for Land and Property: The pilot program provides grants to eligible entities to purchase vacant land or existing properties to develop or renovate for sale to homebuyers (Section 4(b)).
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Reduced Cost for Land Acquisition: The government may convey surplus real property to community land trusts at a discount of at least 75 percent of the market value (Section 6(a)(3)).
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Education and Resources: The bill funds a public awareness campaign to educate the public and financial sector about the benefits and responsibilities of shared equity models (Section 5(b)).
Potential Negative Impacts for People
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Resale Restrictions: Properties in these programs are subject to resale-restricted terms and a resale formula that limits the resale value of the property (Section 2(7)(B)).
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Sale Restrictions to Specific Groups: Under the pilot program, developed homes must be sold to households with incomes at or below a specific percentage of the area median income (Section 4(d)(3)).
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Potential Property Reversion: If property transferred from the government ceases to be used for a shared equity model, the government has the option to have the property revert to it (Section 6(a)(2)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+9Good For African Americans+7Good For Asian Americans+6Good For Hispanic Americans+6Good For Native Americans+6Good For Rural Residents+6Good For Urban Residents+6Good For Young Adults+6Good For Middle Class Households+5Good For Middle Aged+4Good For People With Disabilities+4Good For Retirees+4Good For Union Workers+4Good For Children+3Good For Immigrants+3Good For L G B T Q Community+3Good For Men+3Good For Seniors+3Good For Students+3Good For Veterans+3Good For White Americans+3Good For Women+3Good For Business Owners+2Good For Farmers+2Good For Billionaires-3Good For High Net Worth Individuals-3Good For Ultra High Net Worth Individuals-3Good For High Income Households-2
- Social Issues And Justice
- Improves Affordable Housing+9Improves Poverty Reduction+6Improves Racial Equity+5Reduces Homelessness+4
- Environment Energy And Infrastructure
- Improves Public Land Management+5Improves Rural Development+4
- Governance And Ideology
- Increases Federal Power+3Improves Government Transparency+2
- Economy And Finance
- Increases Job Creation+3Improves Economic Growth+2Improves Small Business Support+2Reduces Government Spending-2Reduces National Debt-1
- 3/26/2026
- Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.