S. 1527: Housing Affordability Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-04-30 |
| Sponsor | Sen. Gallego, Ruben [D-AZ] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 2 |
| Latest action | 2025-04-30 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-04-14 |
Summary
Official summary (Introduced in Senate, 2025-04-30):
Housing Affordability Act
This bill increases the Federal Housing Administration’s (FHA's) multifamily housing loan limits for mortgage insurance and requires the use of a more specific inflation index for these limits.
Specifically, the bill increases the loan limits to qualify for FHA mortgage insurance for rental housing, cooperative housing, rehabilitation and neighborhood conservation housing, housing for moderate income and displaced families, housing for elderly persons, and condominiums, and it requires these limits to be indexed to the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census. Currently, these limits are indexed to the Consumer Price Index for All Urban Consumers.
Cosponsors (2)
| Name | Party / state |
|---|---|
| David McCormick | R PA (original cosponsor) 2025-04-30 |
| Kevin Cramer | R ND 2025-05-01 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1527 are published by Congress on congress.gov.
View S. 1527 on congress.gov →
Frequently asked questions
What is S. 1527?
S. 1527 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Housing Affordability Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1527 are available on congress.gov.
Bill data: congress.gov API (official congressional records).