S. 4262In committeeJobs & the economy
Senate bill backs shared equity homeownership funds
Data as of July 11, 2026
This bill creates federal loan and grant programs to help nonprofits build homes that stay affordable for buyers with low to moderate incomes.60-second read · 5 questions answered below
Decoded
What does this do?
This bill sets up several federal programs to support shared equity homeownership, where nonprofits or government groups limit how much a seller can profit so homes stay affordable over time. It creates a loan fund, a pilot grant program, discounted land transfers from the federal government, and public education efforts about how these models work.
Who does it affect?
The programs are aimed at nonprofits and similar local organizations that build or sell affordable homes. Homebuyers earning up to 80%, 120%, or in some cases higher percentages of their local median income may be eligible depending on the program and location.
Why does it matter?
Without these programs, low- and moderate-income buyers may have fewer options to purchase homes at prices they can afford. Shared equity rules also limit future sale profits, which affects how much wealth a homeowner can build over time.
What does it cost, and who pays?
- $100M loan fund, max 3% interest
- Up to $100M/year for 5 years for pilot grants
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
Permanent Housing Affordability Act
- Introduced:
- March 26, 2026
- Latest action:
- March 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the official bill on Congress.govMake the call
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