Housing Affordability Act
Introduced Apr 30, 2025 by Sen. Ruben Gallego
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill increases the Federal Housing Administration’s (FHA's) multifamily housing loan limits for mortgage insurance and requires the use of a more specific inflation index for these limits.
Specifically, the bill increases the loan limits to qualify for FHA mortgage insurance for rental housing, cooperative housing, rehabilitation and neighborhood conservation housing, housing for moderate income and displaced families, housing for elderly persons, and condominiums, and it requires these limits to be indexed to the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census. Currently, these limits are indexed to the Consumer Price Index for All Urban Consumers.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.