CONGRESS FOR VOTERS

DemocratBill · S. 1527· Senate(119-S-1527)

Housing Affordability Act

Rep. Gallego
Age: 47 years
Arizona
Introduced
4/30/2025
Last activity
4/30/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Ruben Gallego
Cosponsors
Democrat - 0Republican - 2
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

The Housing Affordability Act aims to modify multifamily loan limits under title II of the National Housing Act. The bill changes how dollar amounts for these loans are adjusted, basing them on the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction. It also implements significant increases to specific dollar amounts across various sections of the National Housing Act. These changes involve updating amounts in sections 207(c)(3)(A), 213(b)(2), 220(d)(3)(B)(iii)(I), 221(d)(4)(ii)(I), 231(c)(2)(A), and 234(e)(3)(A). The Act includes a requirement for the Secretary to publish these adjustments in the Federal Register.

Yes· 3 of 4

  • Does this make housing cost less?+5

    By increasing multifamily loan limits, the bill facilitates more construction and availability of affordable housing units.

  • Would business owners be better off under this?+4

    Real estate developers and builders stand to benefit from the updated and higher loan limits.

  • Would households on low incomes be better off under this?+3

    Increased multifamily loan limits can potentially increase the supply of affordable housing options for low-income families.

The opposite

No question was scored the opposite.