Bills · S 1527
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1527Finance and Financial Sector
Housing Affordability Act
INTRO APR 30· LAST ACTION APR 30
READING
4MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could make it easier and more attractive for developers to build or refurbish apartment buildings and other multi-unit housing. Currently, many federal loan limits for these projects are outdated and don't reflect today's high construction costs, making it difficult to finance new developments, especially for more affordable housing options.
If this bill becomes law, the much higher loan limits, combined with a modern adjustment method, could spur more construction and renovation of multi-unit housing. This could help address housing shortages, potentially leading to more housing choices and more stable or even lower rents in some areas. If it doesn't pass, developers might continue to face challenges financing projects that could otherwise add much-needed housing supply, especially for projects serving a range of income levels.
KEY PROVISIONS
3AI-extractedPROVISION 01
The bill significantly increases the maximum loan limits for various types of multifamily housing projects under federal insurance programs.
This makes it easier for developers to secure financing for new apartment buildings and renovations, especially in areas with high construction costs.
PROVISION 02
It changes the method for future annual adjustments of these loan limits, mandating the use of a specific economic index related to multifamily construction costs.
This ensures that loan limits will automatically keep pace with current construction costs, rather than becoming outdated over time.
PROVISION 03
It requires the Secretary of Housing and Urban Development to publicly announce the adjusted loan amounts and to round down any adjustments to the nearest dollar.
This provides transparency about the updated limits and offers a clear rule for how fractional adjustments are handled.
SPONSORSHIP
1 + 2
D· Arizona
YRS IN OFFICE
11
BILLS LED
61
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSAPR 30
Introduced in Senate
APR 30
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 1527
Congress119th
StatusIn Committee
IntroducedApr 30, 2025
Last actionApr 30, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED APR 30, 2025
Senate BillS 1527Finance and Financial Sector
Housing Affordability Act
INTRODUCED APR 30, 2025· LAST ACTION APR 30, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
2
COMPLEXITY
Moderate
