Housing Supply Fund Act of 2026
- Bill Number
- H.R. 9263
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Housing and Community Development
- Status
- Introduced
- Latest Action
- 2026-06-11: Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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.
- Last Updated
- 2026-06-26T22:11:21Z
AI-Generated Summary
Summary of H.R. 9263: Housing Supply Fund Act of 2026
Purpose of the Legislation
This bill creates a new grant program to boost the availability of affordable housing. It aims to increase investment in building, fixing, or buying homes for low-income renters and moderate-income homeowners, while also supporting related community facilities and economic development.
Key Provisions
- Establishment of the Fund: The Secretary of the Treasury sets up a Housing Supply Fund inside the Community Development Financial Institutions Fund (CDFI Fund) to award competitive grants.
- Eligible Recipients: Grants go to certified community development financial institutions, nonprofits focused on affordable housing (including subsidiaries of housing agencies), or groups of these entities.
- Eligible Uses of Funds:
- Loan loss reserves, revolving loan funds, or new affordable housing and mortgage funds.
- Risk-sharing loans and loan guarantees.
- Activities such as converting commercial buildings to housing, buying land or property for affordable units (including resident-owned manufactured home communities), and mixed-use or transit-oriented projects.
- Target Beneficiaries: Primarily low-, very low-, and extremely low-income renter families, plus homeowners earning up to 120% of the local median income.
- Application and Oversight: Applicants must describe planned uses and qualifications; the Secretary must consider geographic diversity (urban, rural, Tribal, and other areas). All funds count as federal financial assistance, triggering civil rights laws.
- Funding: Provides $500 million annually for fiscal years 2026 through 2030. Up to 5% may cover administrative costs. Unused amounts can be recaptured after four years.
- Emergency Status: Designates the funding as an emergency requirement, allowing it to bypass certain budget rules.
Significant Changes to Existing Law
The bill introduces a new standalone grant program rather than amending major existing housing statutes. It builds on the CDFI Fund's framework from the Community Development Banking and Financial Institutions Act of 1994 but creates dedicated resources and rules for housing supply activities.
Potential Impacts
- On Government Agencies: Increases workload for the Treasury Department and CDFI Fund in administering grants and oversight.
- On Citizens: Could expand access to affordable rental and ownership housing for lower- and moderate-income households, potentially lowering costs in high-demand areas.
- On International Relations: No direct effects identified.
- Overall: May encourage public-private partnerships by leveraging grant funds with other capital sources, though success depends on grantee performance and local conditions.
Main Stakeholders Affected
- Community development financial institutions and affordable housing nonprofits.
- Public housing agencies and their subsidiaries.
- Low- and moderate-income families and individuals seeking housing.
- State and local governments in urban, suburban, rural, Tribal, and territorial areas.
- The Department of the Treasury.
Notable Legal, Constitutional, or Political Implications
- Applies federal civil rights protections to all funded activities.
- Uses emergency budget designation, which may affect congressional spending processes.
- No major constitutional issues are evident in the text; the program operates through existing federal financial assistance mechanisms.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Rep. Brown, Shontel M. [D-OH-11]
Recent Actions
- 2026-06-11: Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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.
- 2026-06-11: Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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.
- 2026-06-11: Introduced in House
- 2026-06-11: Introduced in House
Bill Versions
- Housing Supply Fund Act of 2026 — issued 2026-06-11 — PDF (7 pages)