S 1527 119th Congress Senate Finance and Financial Sector

Housing Affordability Act

Introduced: May 1, 2025 Introduced by: Gallego, Ruben Democratic · Arizona See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 30, 2025

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

Apr 30, 2025

Introduced in Senate

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Plain-English summary Congressional Research Service

Housing Affordability Act

This bill increases the Federal Housing Administration’s (FHA's) multifamily housing loan limits for mortgage insurance and requires the use of a more specific inflation index for these limits.

Specifically, the bill increases the loan limits to qualify for FHA mortgage insurance for rental housing, cooperative housing, rehabilitation and neighborhood conservation housing, housing for moderate income and displaced families, housing for elderly persons, and condominiums, and it requires these limits to be indexed to the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census. Currently, these limits are indexed to the Consumer Price Index for All Urban Consumers.

What's happening now April 30, 2025

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

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 17

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

UP FOR GROWTH ACTION, INC.
for UP FOR GROWTH ACTION INC · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
NATIONAL ASSOCIATION OF REALTORS
for NATIONAL ASSOCIATION OF REALTORS · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
UP FOR GROWTH ACTION, INC.
for UP FOR GROWTH ACTION INC · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL MULTIFAMILY HOUSING COUNCIL, INC.
for NATIONAL MULTIFAMILY HOUSING COUNCIL INC · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
TIBER CREEK GROUP
for COMMERCIAL REAL ESTATE FINANCE COUNCIL · New York · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL APARTMENT ASSOCIATION
for NATIONAL APARTMENT ASSOCIATION · Virginia · 1st Quarter (Jan 1 - Mar 31) 2026

See all 17 filings →

Cosponsors 2

Cramer, Kevin

North Dakota · May 1, 2025

McCormick, David

Pennsylvania · Apr 30, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 1527: Housing Affordability Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-1527/

MLA

"S. 1527: Housing Affordability Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1527/.

Bluebook (legal)

S. 1527, 119th Cong. (2026), https://openamerica.io/bill/119-S-1527/.

Markdown link

[S. 1527: Housing Affordability Act](https://openamerica.io/bill/119-S-1527/)