The Housing BOOM Act aims to increase the supply of affordable housing by significantly raising the state-level limit on Low-Income Housing Tax Credits and establishing new federal funding mechanisms, including a Middle Income Housing Construction Loan Fund and a Workforce Housing Block Grant Program. The bill directs billions in annual appropriations over five years to support rental construction for households earning between 60 and 120 percent of the area median income, while also increasing existing subsidies for homeless assistance, rural housing, and supportive housing for the elderly and persons with disabilities. To address tenant stability, the legislation creates a new Office of Eviction Prevention within the Department of Housing and Urban Development and authorizes grants to help convert unused government buildings and hotels into emergency shelters and affordable units. Additionally, the act establishes an Interagency Council on Housing Affordability to coordinate federal policy and requires prevailing wage standards for construction workers on federally assisted projects.
This bill increases the mandatory financial contributions from Federal Home Loan Banks to the Affordable Housing Program by extending a 15 percent net income requirement through 2025 and establishing it as the permanent rate for 2026 and beyond. The legislation directly affects the Federal Home Loan Banks, which are government-sponsored enterprises that provide funding to member banks and credit unions. A key provision ensures that these annual contributions will not fall below $100 million in any given year, regardless of the banks' net income fluctuations.
The No Homeless Detention Centers Act prohibits recipients of federal housing funds from forcing homeless individuals to live in government facilities or requiring them to perform labor in exchange for shelter. The bill also bans local and state authorities from punishing people for engaging in basic life-sustaining activities, such as sleeping or resting, on public property. These restrictions apply to actions taken by law enforcement officers or private contractors acting under federal authority. By tying these prohibitions to federal funding, the legislation aims to prevent the use of criminal penalties or involuntary confinement to address homelessness.
The Stable Homes Act directs the Department of Housing and Urban Development to launch a five-year pilot program that provides $300 million annually in grants to local governments for establishing or expanding eviction diversion programs. These programs require landlords to notify tenants of their right to participate in dispute resolution before filing formal eviction proceedings, mandating at least 30 days of good-faith negotiation involving services such as mediation, housing counseling, and rental assistance. The legislation ensures that low-income tenants have access to free legal counsel if their landlord is represented by an attorney, while allowing landlords to bypass the program only in cases involving an imminent threat of physical harm. Local governments receiving these grants must submit annual reports detailing case outcomes, costs, and tenant demographics to Congress through 2030.
The Task Force on the Impact of the Affordable Housing Crisis Act of 2026 establishes a bipartisan, 18-member task force to study how a lack of affordable housing affects various aspects of life and government spending. The group will evaluate impacts on areas such as education, employment, health, and regional economic growth, while also quantifying the costs imposed on federal, state, and local programs due to housing shortages. Members will be appointed by congressional leadership within 180 days of enactment and must submit a final report with recommendations to Congress before the task force terminates two years after all members are appointed.
The Affordable Housing Incentives Act allows property owners to avoid paying capital gains taxes when they sell real estate to qualified housing operators for use as affordable housing. To qualify, the property must be subject to a binding legal agreement that ensures it remains affordable or used as a homeless shelter for at least 30 years. The sale price cannot exceed the value determined by a professional appraisal, and the seller must notify the Treasury Department within 90 days of the transfer. The Treasury is required to audit these properties every five years to verify they continue to meet the affordability requirements throughout the 30-year period.
The Green New Deal for Public Housing Act directs federal funds to public housing agencies and tribal entities to rehabilitate, modernize, and electrify the nation's public housing stock into zero-carbon homes within ten years. The bill establishes grant programs that require recipients to conduct deep energy retrofits, install renewable energy systems, upgrade water quality infrastructure, and provide high-speed internet access to residents. In exchange for these funds, agencies must commit to maintaining their total number of housing units, ensuring displaced residents can return to their original projects, and adhering to strict labor standards that prioritize hiring low-income individuals and supporting resident-owned businesses. Additionally, the legislation strengthens tenant participation by mandating the formation of elected resident councils in larger developments and providing stipends for volunteer officers who help manage community operations.
The Green New Deal for Public Housing Act directs the Department of Housing and Urban Development to provide grants to public housing agencies and tribal entities for the comprehensive rehabilitation, energy upgrades, and modernization of public housing stock. These funds are intended to transform properties into zero-carbon homes by installing renewable energy systems, electrifying appliances, and repairing infrastructure, while also establishing workforce development programs that offer training, apprenticeships, and stipends to residents and local low-income workers. The bill mandates strict labor standards, including prevailing wages and the use of U.S.-made materials, and requires agencies to maintain or increase the total number of public housing units while prioritizing resident participation through elected councils and community engagement processes.
The First-Time Homebuyer Affordability Act amends the Internal Revenue Code to exempt qualified mortgage bonds from the federal government's annual volume cap on tax-exempt securities. By removing this limit, the bill allows for a greater issuance of these specific bonds, which are typically used to finance home loans for first-time buyers. This change directly affects financial markets and lenders by enabling them to issue more tax-advantaged debt without being constrained by existing statutory limits. The provision applies to all obligations issued after the date of the Act's enactment.
The CLUSTER Act amends federal disaster relief laws to officially include "community hardening" as a recognized type of hazard mitigation. This change allows funding for coordinated safety upgrades across multiple private homes in a specific area, rather than treating each property individually. The bill directly affects homeowners and local governments seeking federal assistance to strengthen residential structures against threats like earthquakes or storms. By adding this category to the existing Stafford Act, the legislation expands the scope of eligible projects for disaster preparedness.
