Congress·In Committee·S. 4262

Permanent Housing Affordability Act

Housing: Promoting Shared Equity Homeownership Models

3 months ago·View on Congress.gov·Read full text

The Permanent Housing Affordability Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time.

Legislative Progress

Senate

House

President

Law

Unlikely to pass

While housing is a major national issue, this bill focuses on a specific niche model and has just been introduced without clear bipartisan backing yet.

Key Points

The bill creates a $100 million fund to provide low-interest loans for building or fixing up affordable homes. These loans would have interest rates capped at 3% to help keep costs down for developers who promise to keep the homes affordable for at least 99 years.
It targets families making up to 120% of their area's median income. In rural areas or for certain grants, the limit might be lower at 80% of the median income. This helps middle and lower income workers who are priced out of the regular housing market.
The policy focuses on shared equity models like community land trusts. In these programs, a nonprofit owns the land while the resident owns the house. When the owner sells, the price is limited so the home stays affordable for the next buyer.
The government would be allowed to sell its extra, unused land to these housing groups at a discount of 75% or more. This makes it much cheaper to start new housing projects in expensive areas where land costs are very high.
It also sets up a pilot program and a public awareness campaign to teach banks and homebuyers how these unique housing models work. This aims to make it easier for people to get mortgages for these types of homes.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Mar 26, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Mar 26, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

Permanent Housing Affordability Act

Bill NumberS 4262

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.