Senate bill backs shared equity homeownership funds

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