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H.R. 8127119th CongressIn committeeLatest action Mar 26, 2026Decoded by AI · checked against the record
Official title: Permanent Housing Affordability Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 8127 creates loans, grants, and land discounts to keep homes affordable for lower-income buyers for at least 99 years after each sale.
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This bill sets up programs to build and sell homes at below-market prices to lower- and moderate-income buyers, with legal agreements requiring those homes to stay affordable for at least 99 years each time they are resold. It creates a Treasury fund for low-interest construction loans, a HUD pilot grant program to buy land and properties, and a discount program giving community land trusts access to surplus federal land at 75% off market value. It also funds public education and research about shared equity homeownership.
The people most directly affected are lower- and moderate-income homebuyers, nonprofit housing organizations, community land trusts, and local governments. Lenders and real estate professionals involved in affordable housing would also be reached through the education programs.
Homes built under this bill could only be sold to buyers earning up to 120% of the local median income, or up to 80% in most cases under the pilot program. This limits who can purchase these homes and shapes how the housing market operates in areas where the programs are used.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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 Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, 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.