Bill · S. 5500· Senate(119-S-5500)
Affordable Housing Preservation and Protection Act of 2026
- Introduced
- 9/24/2026
- Last activity
- 9/24/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Lisa Blunt Rochester
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill is known as the Affordable Housing Preservation and Protection Act of 2026. It gives the Secretary of Housing and Urban Development the authority to offer capital assistance to preserve distressed multifamily housing properties. The bill allows the Secretary to provide direct, low-interest loans to owners, sponsors, or HUD-approved purchasers for necessary physical improvements. In exchange for this loan assistance, recipients must agree to establish or extend an affordable housing use agreement for 30 years. The legislation also outlines rules for loan modifications, loan forgiveness, and matching contributions from non-Federal sources.
Yes· 3 of 19
Does this make housing cost less?+9
The bill establishes a program to offer capital assistance and low-interest loans for the revitalization and long-term preservation of distressed multifamily affordable housing.
Would households on low incomes be better off under this?+8
Low-income households residing in distressed multifamily housing benefit directly from physical repairs and 30-year affordability commitments.
Would people over 65 be better off under this?+6
The bill specifically covers properties assisted under senior housing programs like Section 202, helping elderly residents maintain safe and stable homes.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Long-term preservation of affordable housing: Section 2(b) allows the Secretary to offer capital assistance to ensure the long-term preservation of decent, safe, and sanitary affordable housing for individuals and communities.
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Funding for critical property repairs: Section 2(c)(1) provides direct, potentially forgivable loans to fix physical, safety, and accessibility deficiencies in distressed multifamily housing projects.
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Resident engagement and support: Section 2(c)(2)(B) covers the costs related to outreach and consultation with residents of distressed properties and community stakeholders, giving residents a voice in the process.
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Extended affordability commitments: Section 2(d)(1)(C) requires owners and purchasers to establish or extend an affordable housing use agreement for 30 years, locking in affordable options for the public.
Potential Negative Impacts for People
- Matching fund burdens: Section 2(d)(6)(A) requires loan recipients to secure at least 20 percent of the total cost for improvements from non-Federal sources, which could be difficult for some applicants to obtain even with exceptions allowed under the bill.
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+8Good For People With Disabilities+6Good For Retirees+6Good For Seniors+6Good For African Americans+5Good For Children+5Good For Hispanic Americans+5Good For Urban Residents+5Good For Women+5Good For Business Owners+4Good For Immigrants+4Good For Middle Aged+4Good For Young Adults+4Good For Rural Residents+3
- Social Issues And Justice
- Improves Affordable Housing+9Reduces Homelessness+5
- Governance And Ideology
- Improves Government Transparency+3Increases Federal Power+3
- Economy And Finance
- Improves Economic Growth+3
- 9/24/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate