# 119-s-1527: Housing Affordability Act

119-s-1527, Housing Affordability Act, is a 119th Congress bill sponsored by Sen. Gallego, Ruben [D-AZ] (D-AZ); status introduced; PRIA reads it as touching household money (as of 2026-09-19).

- Canonical: https://policyrisk.com/legislation/119-s-1527
- As of: 2026-09-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1527
- Congress: 119
- Title: Housing Affordability Act
- Status: introduced
- Introduced: 2025-04-30
- Sponsor: Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-19

## Summary

**Indexes multifamily loan limits to construction-price inflation.** The Housing Affordability Act would replace the old trigger with an annual formula tied to the U.S. Census Price Deflator Index for multifamily residential units and raise many statutory dollar thresholds across Title II of the National Housing Act. - Developers and lenders: Would gain higher maximum loan amounts across multiple programs, including large increases in listed thresholds (for example, one base threshold moves from about $38,025 to $167,310) and the removal of a previous per-space cap. These changes expand lending capacity for multifamily projects. - Renters and housing supply: By indexing limits to construction-price inflation and increasing dollar caps, the bill aims to make funding more responsive to building costs and support construction and preservation of multifamily housing over time. - Program transparency and predictability: Updates would begin July 1, 2025, use the March-to-March price deflator change, require Federal Register publication, and round adjustments down to the next dollar.

## Cosponsors (2)

- Sen. McCormick, David [R-PA] (R-PA), 2025-04-30T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-05-01T00:00:00.000Z

## Provisions PRIA read

- Higher apartment loan caps for owners: benefit, medium. This bill would raise many FHA multifamily dollar caps so larger apartment loans could qualify for FHA insurance. If enacted, it would remove the rule that limited one listed cap to $17,460 per space. Starting July 1, 2025, the Secretary would update these caps each year using the Price Deflator In…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4949: Water Resources Development Act of 2026
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-237: Honoring Our Fallen Heroes Act of 2025

## Sources
- [119-s-1527 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1527)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4949: Water Resources Development Act of 2026](https://policyrisk.com/legislation/119-s-4949)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-237: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-s-237)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1527 (as of 2026-09-19).