FHA loan limits for apartment construction set to roughly quadruple under House bill
In committeeH.R. 6132Latest action
Sponsor: Monica De La Cruz · Representative · TX
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Official title: Housing Affordability Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 6132 raises FHA multifamily loan limits roughly fourfold and ties them to a Census construction index starting in 2026.
50-second read · 4 questions answered below
What does this do?
HR 6132 raises the maximum dollar amounts the FHA will insure on loans used to build or renovate apartment buildings of five or more units. The new limits are roughly four times higher than the figures currently written into law, which are decades old and far below current construction costs. Beginning in 2026, the limits would adjust automatically each year using a construction cost index published by the Census Bureau.
Who does it affect?
The bill directly affects apartment developers, builders, and property owners who use FHA-backed loans to finance multifamily housing projects. Renters are indirectly affected, since available financing can influence how many new rental units are built.
Why does it matter?
Higher loan limits would allow borrowers to obtain federal backing on larger loans, which may change the cost and feasibility of financing apartment construction or rehabilitation. Whether more housing actually gets built depends on other factors, including local zoning, land costs, and interest rates.
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Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedNov 19, 2025
- House committeeYou are here · Nov 19, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Financial Services.