Affordable Housing Expansion Act of 2002
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Requires State submission of an affordable housing expansion plan.
Directs the Secretary to carry out a multifamily risk-sharing mortgage insurance program.
Amends the United States Housing Act of 1937 to authorize the use of section 8 project-based assistance for extremely low-income housing construction and rehabilitation. Limits assistance to: (1) 75 percent of the payment standard or applicable fair market rental; and (2) 25 percent of a building's units.
Authorizes reallocation of certain underused section 8 vouchers.
Directs the Department of Housing and Urban Development to maintain existing section 8 project-based assistance for any Department-owned or -held multifamily project upon disposition, unless the project is determined to be not viable.
Authorizes a public housing loan guarantee program.
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.
- Introduced in Senate Formatted Text PDF
Cite this page
U.S. Congress. (2026). S. 2967: Affordable Housing Expansion Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-S-2967/
"S. 2967: Affordable Housing Expansion Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2967/.
S. 2967, 107th Cong. (2026), https://openamerica.io/bill/107-S-2967/.
[S. 2967: Affordable Housing Expansion Act of 2002](https://openamerica.io/bill/107-S-2967/)