Federal disaster loans now available to homeowner associations for repairs
H.R. 9159 — Protect Our Homes Act · Filed by Darren Soto (D-FL) · 2 cosponsors · Introduced Jun 4, 2026 · Referred to committee
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What it does
This bill creates a new Small Business Administration loan program allowing homeowner associations (HOAs) to borrow money to repair common areas damaged by disasters and to implement disaster-prevention measures. HOAs can borrow up to $500,000 per disaster (or up to $2 million if they are a major employer), at favorable interest rates tied to U.S. Treasury rates, with terms up to 30 years and no collateral required for loans under $14,000.
Why we flagged it
The bill extends existing SBA disaster-lending authority to a new category of borrower (homeowner associations) for a specific public purpose (common-area repair and mitigation). It is a straightforward expansion of federal disaster assistance, not a carve-out or immunity grant.
What the text implies
- HOAs may use mitigation loans for preventive measures on property damaged 5+ years ago, potentially funding improvements unrelated to the original disaster if the HOA claims a nexus to future risk.
- The bill allows the Administrator to waive collateral requirements for loans over $14,000 in 'major disasters,' creating discretionary authority with no defined standard for when waivers apply.
- Deferment of principal and interest is permitted 'to the same extent' as subsection (b)(1) loans, but the bill does not specify those terms, leaving the scope of deferment undefined in this text.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Homeowners in HOA communities gain access to affordable federal financing for disaster recovery and mitigation, reducing their out-of-pocket costs and improving community resilience. The program is narrowly tailored to a specific need (HOA common-area repairs) with clear eligibility criteria and reasonable loan limits.
Who stands to gain
- homeowner associations
- banks and lending institutions (participating on guaranteed basis)
Named in the bill
Small Business Administration (SBA), homeowner associations, banks and lending institutions, President (Stafford Act authority), Secretary of Agriculture, State Governors
Where it stands
2 cosponsors: 1 Democrats, 1 Republicans.
- Jun 4, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jun 4, 2026 — Referred to House Committee on Small Business · Congress.gov: “Referred to the House Committee on Small Business”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (6,901 characters) on Aug 31, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
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