H.R. 9263: Housing Supply Fund Act of 2026
The Housing Supply Fund Act of 2026 aims to enhance the availability of affordable housing in the United States. Here are the main features of the bill:
Establishment of a Housing Supply Fund
The bill establishes a Housing Supply Fund within the Community Development Financial Institutions (CDFI) Fund, managed by the Secretary of the Treasury. This fund will provide competitive grants to eligible organizations to:
- Increase investments in the development, preservation, rehabilitation, financing, or purchase of affordable housing for low-income renters and homeowners.
- Support investments in economic development and community service facilities related to housing.
Eligible Grantees
Eligible recipients of the grants include:
- CDFI-certified institutions.
- Nonprofit organizations focused on creating or maintaining affordable housing.
- Consortiums of the above entities.
Use of Grant Funds
The grants can be used for a variety of activities such as:
- Creating loan loss reserves.
- Capitalizing revolving loan funds for affordable housing projects.
- Funding mortgage programs to assist those with barriers to accessing credit.
- Converting commercial properties into affordable housing.
- Acquiring land for new affordable housing developments.
Application Process
Organizations wishing to receive funding must submit an application detailing how they plan to use the funds and their qualifications. The Secretary of the Treasury will ensure that grants are distributed to a diverse range of geographical areas.
Funding Amounts
The bill allocates $500 million annually from 2026 to 2030 to support the Housing Supply Fund, with specific rules about how and when these funds must be utilized.
Compliance with Federal Laws
All assistance from the fund will be considered federal financial assistance, requiring compliance with applicable civil rights laws.
Emergency Designation
The funding provided through this act is classified as an emergency requirement, allowing for expedited consideration in Congress.
Relevant Companies
- PHM - PulteGroup, Inc.: As a homebuilder focused on various housing types, the company may benefit from increased demand for affordable homes driven by this funding.
- DHI - D.R. Horton, Inc.: As a major home construction firm, D.R. Horton could see impacts from new investments in affordable housing projects supported by this legislation.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Jun. 11, 2026 | Introduced in House |
| Jun. 11, 2026 | 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. |
Corporate Lobbying
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