Federal disaster loans now available to homeowner associations for repairs
H.R. 9159 — Protect Our Homes Act · Filed by Darren Soto (D-FL) · 1 cosponsor · 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.
The full analysis lists 3 implications of this text.
Who stands to gain
homeowner associations; banks and lending institutions (participating on guaranteed basis)