# 119-s-5500: Affordable Housing Preservation and Protection Act of 2026

119-s-5500, Affordable Housing Preservation and Protection Act of 2026, 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 2026-10-02).

- Canonical: https://policyrisk.com/legislation/119-s-5500
- As of: 2026-10-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5500
- Congress: 119
- Title: Affordable Housing Preservation and Protection Act of 2026
- Status: introduced
- Introduced: 2026-09-24
- Sponsor: Sen. Blunt Rochester, Lisa [D-DE] (D-DE)
- Cosponsors: 0
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-10-02

## Summary

**Preserving affordable multifamily housing** by funding repairs and tying long-term affordability to troubled federally assisted properties. HUD would offer low-interest loans, loan modifications, or partial forgiveness to finance necessary construction and rehabilitation while requiring a 30-year affordability commitment. - Families and residents: Investments aim to fix safety and accessibility problems and preserve affordable rents for at least 30 years at eligible projects. The bill also requires outreach and resident consultation during rehabilitation. - Owners and developers: Owners, sponsors, or HUD-approved purchasers can get loans at 1 percent interest that may be forgivable or modified. Applicants generally must provide a 20 percent nonfederal match unless HUD allows a reduced contribution. - HUD and program operations: HUD administers the program, may pay loan modification costs for insured mortgages, and can set implementation rules by notice. Funding is authorized as needed through appropriations with no specific dollar amount listed.

## Provisions PRIA read

- Low-cost loans to preserve affordable housing: mixed, medium. If enacted, HUD would create a capital assistance program to preserve assisted multifamily housing. HUD would make direct loans at 1% interest and would be able to modify or forgive loans to pay for repairs, safety, accessibility, and other capital needs. Recipients would have to agree to a 30-year…

## 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-5500 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5500)

## 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-5500 (as of 2026-10-02).