# 119-s-4262: Permanent Housing Affordability Act

119-s-4262, Permanent Housing Affordability Act, is a 119th Congress bill sponsored by Sen. Blunt Rochester, Lisa [D-DE] (D-DE); status introduced; PRIA reads it as touching household money (as of 2026-08-26).

- Canonical: https://policyrisk.com/legislation/119-s-4262
- As of: 2026-08-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4262
- Congress: 119
- Title: Permanent Housing Affordability Act
- Status: introduced
- Introduced: 2026-03-26
- Sponsor: Sen. Blunt Rochester, Lisa [D-DE] (D-DE)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-26

## Summary

**Permanent shared-equity homeownership** would build federal programs and tools to expand community land trusts and other resale-restricted homeownership that stays affordable for generations. It packages a Treasury-funded revolving loan fund, a HUD acquisition and construction pilot, research and outreach, and authority to transfer surplus federal land to shared-equity models at steep discounts. - Families and homebuyers: Would prioritize buyers earning up to 120% of area median income and require affordability rules that preserve housing for at least 99 years. - Community land trusts and nonprofits: Creates a Treasury "Lasting Home Affordability Fund" to seed revolving low-interest construction loans. Loans would carry interest no greater than 3% and origination fees no greater than 1%. - Federal property and program support: Allows surplus federal property to be conveyed to community land trusts and shared-equity programs at a minimum 75% discount, with deeds requiring perpetual affordable use and a government reversion option. *This bill would authorize about $609 million in new federal appropriations across the covered years and enable discounted land transfers, increasing federal outlays if funds are appropriated.*

## Provisions PRIA read

- Pilot to build permanently affordable homes: benefit, medium. If enacted, HUD would run a Lasting Affordability Homeownership Grant Pilot to buy land or properties and build or resell permanently affordable homes. Homes would be sold to households at or below 80% of area median income, or at or below 120% AMI in rural areas. Land or properties bought must pro…
- Treasury fund for low-interest construction loans: benefit, medium. If enacted, the Department of the Treasury would set up a Lasting Home Affordability Fund within 90 days to give grants to State agencies, state-chartered housing authorities, and Treasury-certified community development financial institutions. Grantees would create revolving funds that make low-in…
- Who qualifies for shared-equity homes: benefit, low. If enacted, the bill would define key terms for shared-equity home programs. A "qualified homebuyer" would be a household with income at or below 120% of area median income. Shared-equity models must keep units resale-restricted and affordable for at least 99 years (or the longest period allowed by…
- Deep land discounts for community land trusts: benefit, low. If enacted, the bill would let the Administrator convey surplus federal real property that HUD finds suitable to community land trusts and similar shared-equity programs. Sales or leases must be discounted to reflect the public benefit, with a minimum discount equal to 75% of market value. Deeds wo…
- HUD research, help, and public outreach: benefit, low. If enacted, HUD’s Office of Policy Development and Research would study shared-equity models and provide technical help to States, Tribes, local governments, and nonprofits. HUD would run a nationwide public awareness campaign within one year to educate consumers and lenders about shared-equity hom…

## Related bills

- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act

## Sources
- [119-s-4262 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4262)

## Related
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4262 (as of 2026-08-26).