New SBA disaster loans would open to homeowners associations
In committeeH.R. 9159Latest action
Sponsor: Darren Soto · Representative · FL
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Official title: To amend the Small Business Act to establish a program under which the Small Business Administration may make supplemental disaster loans to home owner associations to repair common areas damaged by disasters and implement disaster mitigation measures, and for other purposes.
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 9159 lets HOAs borrow from the SBA after disasters to repair shared spaces like pools, roads, and clubhouses.
55-second read · 4 questions answered below
What does this do?
HR 9159 would create a new supplemental disaster loan program through the Small Business Administration allowing homeowners associations to borrow money to repair shared common areas after a disaster. Eligible uses would include fixing spaces like clubhouses, pools, roads, and landscaping, as well as mitigation improvements to reduce damage from future disasters. The program would operate through the SBA's existing disaster loan system, with interest rates and repayment terms likely following guidelines already in place for similar programs.
Who does it affect?
The bill directly affects homeowners associations governing condominium complexes, planned neighborhoods, and gated communities. Residents of those communities would be indirectly affected, as HOA members currently have no federal borrowing option specifically for shared property repairs after a disaster.
Why does it matter?
Under current law, individual homeowners can apply for SBA disaster loans for their own homes, but HOAs generally cannot access that same assistance for common areas. If the bill passes, the cost of repairing shared property after a disaster would not fall entirely on HOA members through higher dues or special assessments.
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Where does it stand?
- IntroducedJun 4, 2026
- House committeeYou are here · Jun 4, 2026
- 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 Small Business.