Allows more money for loans to build and improve apartment buildings and other multi-unit housing.
This bill would greatly raise the maximum loan amounts for government-backed apartment building projects. This change could make it easier for developers to build new apartment buildings or fix up old ones. This could mean more homes for renters nationwide.
Currently, the maximum loan amounts for various federal multifamily housing programs are set at specific dollar figures and adjusted based on older rules. If this bill becomes law, these maximum loan amounts would be significantly increased, in some cases more than quadrupling. They would also be adjusted annually starting July 1, 2025, based on a specific government index that tracks the cost of building apartment units.
S 1527 · 119th Congress · April 30, 2025 · AI Summary by gemini-2.5-flash · 9/10
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11 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.