Permanent Housing Affordability Act

Sponsor: Kim Schrier (Democratic-WA)March 26, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Creates new programs and discounts to make homeownership more affordable for low- and moderate-income families.

This bill would create new federal programs to help low- and moderate-income families buy homes that stay affordable over time. It would set aside money for low-interest construction loans and grants for land purchases, and make federal surplus land available at a discount for affordable housing projects. This aims to expand shared equity homeownership models across the country.

What Would Change

Today, there are no specific federal programs or dedicated funding to directly support shared equity homeownership models or to prioritize federal surplus land for these projects. This bill would create a $100 million fund for low-interest construction loans and a separate $100 million annual grant program for land acquisition and development, starting in fiscal year 2027. It would also allow federal surplus land to be sold to shared equity groups at a discount of at least 75% for permanent affordability.

Key Provisions

Creates a new fund at the Treasury Department to provide grants for low-interest construction loans (up to 3%) to groups building permanently affordable homes.
Starts a pilot program at HUD to give grants directly to non-profits and local governments to buy land and build or renovate homes for low- and moderate-income families.
Requires homes built or renovated with these funds to remain affordable for at least 99 years (or the longest period allowed by state law).
Lets the government sell its surplus land to community land trusts and other shared equity groups at a discount of at least 75% for permanently affordable housing.
Establishes research and public awareness campaigns to educate people and the financial sector about shared equity homeownership models.

View on Congress.gov

HR 8127 · 119th Congress · March 26, 2026 · AI Summary by gemini-2.5-flash · 8/10

Permanent Housing Affordability Act

What Would Change

Key Provisions

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