A Democratic bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- 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
- Scored +5
Does this make housing cost less?
By increasing multifamily loan limits, the bill facilitates more construction and availability of affordable housing units.
- Scored +4
Would business owners be better off under this?
Real estate developers and builders stand to benefit from the updated and higher loan limits.
- Scored +3
Would households on low incomes be better off under this?
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.
Who it would affect, and how
Potential Positive Impacts for People
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Updated Loan Adjustments: The bill changes the calculation for adjusting dollar amounts to use the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction, starting July 1, 2025 (Section 2, subsection 1).
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Increased Loan Amounts: The bill replaces various lower dollar amounts with significantly higher ones across multiple sections of the National Housing Act, including 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).
Potential Negative Impacts for People
- Rounding Rules: The Secretary is required to round the dollar amount of any adjustment down to the next lower dollar (Section 2, subsection 1, part B).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — 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? — Increased multifamily loan limits can potentially increase the supply of affordable housing options for low-income families. Would middle-income households be better off under this? — The bill may help middle-class renters by incentivizing more multifamily housing development.
- Social Issues And Justice
- Does this make housing cost less? — By increasing multifamily loan limits, the bill facilitates more construction and availability of affordable housing units.
- 5/1/2025
- 1 Cosponsor added.
- 4/30/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Kevin CramerRepublican · North Dakota
David McCormickRepublican · Pennsylvania