# 119-hr-10534: Affordable Housing Preservation and Protection Act of 2026

119-hr-10534, Affordable Housing Preservation and Protection Act of 2026, is a 119th Congress bill sponsored by Rep. Brown, Shontel M. [D-OH-11] (D-OH); status introduced; PRIA reads it as touching household money (as of 2026-09-30).

- Canonical: https://policyrisk.com/legislation/119-hr-10534
- As of: 2026-09-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10534
- Congress: 119
- Title: Affordable Housing Preservation and Protection Act of 2026
- Status: introduced
- Introduced: 2026-09-24
- Sponsor: Rep. Brown, Shontel M. [D-OH-11] (D-OH)
- Cosponsors: 2
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-09-30

## Summary

**Use HUD capital to preserve distressed affordable multifamily housing through low-cost, potentially forgivable loans tied to long-term affordability.** This bill would create a HUD program to make 1 percent interest loans, modify existing loans, or forgive loans to fund necessary repairs while requiring a 30-year affordable use agreement and generally a 20 percent non-Federal match. - Residents and families: Keeps rents affordable at preserved buildings by tying assistance to a 30-year affordability covenant and by encouraging renewal of rental assistance when offered. This aims to reduce displacement at at-risk properties. - Owners and developers: Gives owners, sponsors, or HUD-approved purchasers access to capital for major repairs with flexible loan terms, loan modifications, or partial forgiveness to make projects viable. Applicants usually must provide a 20 percent non-Federal contribution but can get exceptions if they cannot secure matching funds. - HUD and communities: Authorizes funds as needed and requires resident outreach and timely rehabilitation to stabilize housing stock and extend the life of federally assisted multifamily properties.

## Cosponsors (2)

- Rep. Gimenez, Carlos A. [R-FL-28] (R-FL), 2026-09-24T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-09-24T00:00:00.000Z

## Provisions PRIA read

- Low cost HUD loans to preserve housing: mixed, medium. If enacted, HUD would create a capital program to help preserve distressed or at-risk multifamily rental buildings with five or more units that are assisted, insured, or have HUD/state-held loans. HUD would make direct loans at 1% interest with repayment terms matching a required 30-year affordable…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-9211: Jewish American Security Act

## Sources
- [119-hr-10534 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10534)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-9211: Jewish American Security Act](https://policyrisk.com/legislation/119-hr-9211)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10534 (as of 2026-09-30).