Housing Supply Fund Act of 2026
Sponsored By: Representative Brown, Shontel M. [D-OH-11]
Introduced
Summary
Creates a Housing Supply Fund to expand affordable housing. The bill would authorize competitive grants through the Community Development Financial Institutions Fund to help build, buy, rehab, finance, or preserve affordable rental and homeowner units and related community facilities.
Show full summary
- Low-income families and renters: Targets housing for low, very low, and extremely low-income renters and homeowners with incomes up to 120 percent of area median income, increasing access to affordable rentals and mortgage programs.
- Community lenders and nonprofit developers: CDFI-certified entities, nonprofit housing organizations, public housing agency subsidiaries, and consortia could receive grants for loan loss reserves, revolving loan funds, affordable housing mortgage funds, risk-sharing loans, and loan guarantees.
- Local and underserved places: Funds could be used to convert commercial buildings to housing, preserve resident-owned manufactured home communities, support mixed-use and transit-oriented projects, and reach urban, suburban, rural, Tribal, and territorial areas.
*Would appropriate $500 million per year for fiscal years 2026–2030, about $2.5 billion total, increasing federal outlays for housing supply.*
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Federal grants to expand affordable housing
If enacted, this would create a Housing Supply Fund at the CDFI Fund to expand affordable housing. It would appropriate $500 million each year for fiscal years 2026 through 2030 to fund competitive grants. Grants would go to certified CDFIs, affordable housing nonprofits, housing agency subsidiaries, or consortia. Projects would target low-, very low-, and extremely low-income renters and homeowners up to 120% of area median income. Grants could fund loan loss reserves, revolving loan funds, mortgage funds for buyers with credit barriers, risk-sharing loans and guarantees, land acquisition and conversion, resident-owned manufactured home communities, and mixed-use or transit-oriented projects. All assistance would be treated as Federal financial assistance subject to federal civil rights laws. Grant money must be committed within four years unless the Secretary sets a different deadline, and uncommitted amounts would be recaptured. Not more than 5 percent of total program money would be used for the Secretary's administrative expenses. The Secretary would be able to issue regulations and seek geographic diversity across urban, suburban, rural, Tribal, and territorial areas.
Sponsors & CoSponsors
Sponsor
Brown, Shontel M. [D-OH-11]
OH • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov