Delivering Americans Affordable Homes Act

The Delivering Americans Affordable Homes Act directs the U.S. Postal Service to establish a new Housing Liaison Office tasked with identifying and leasing its unused land parcels for residential development. These leases must be executed through Joint Development Partnerships that include a public entity, such as a state or local government, alongside private or non-profit developers capable of constructing housing. The legislation mandates that each lease last at least 60 years and ensures that no less than 20 percent of the new units remain affordable to households earning 80 percent or less of the area median income for a minimum of 50 years. To protect its financial interests, the Postal Service is required to receive rental revenue over the life of the lease that equals at least the appraised fair value of the property rights, while also retaining the authority to refuse deals that would disrupt mail delivery or cost more than they generate.