Congress funds affordable housing directly—no corporate carve-outs
H.R. 9263 — Housing Supply Fund Act of 2026 · Filed by Shontel Brown (D-OH) · Introduced Jun 11, 2026 · Referred to committee
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What it does
This bill creates a $500 million annual fund (2026–2030) administered by the Treasury Department to award competitive grants to nonprofits, community development financial institutions, and public housing agencies for affordable housing development, preservation, and financing. Eligible uses include loan reserves, revolving loan funds, mortgage programs for low-income buyers, and conversion of commercial properties to affordable housing, with priority given to geographically diverse areas including rural and tribal communities.
Why we flagged it
The bill establishes a straightforward federal grant mechanism to fund affordable housing development and preservation through existing community development channels. It is a direct public investment tool, not a tax incentive, deregulation, or industry subsidy.
What the text implies
- The 'emergency designation' language (referencing PAYGO waivers) may allow the appropriation to bypass normal budget constraints, potentially affecting deficit accounting or future spending caps.
- The 4-year commitment deadline with Secretary waiver authority creates discretion in fund deployment timing, which could affect the pace of housing development if waivers are granted liberally.
The full analysis lists 4 implications of this text.
Who stands to gain
Community development financial institutions (CDFIs); Nonprofit housing developers; Public housing agencies