Sponsors (32)
This bill expands and targets federal housing assistance, disaster recovery, and homeowner protections—particularly for low‑ and moderate‑income households—while increasing federal spending, regulatory complexity, and certain market, privacy, and implementation risks that could limit or complicate benefits.
Low- and moderate-income households (homeowners, renters, and tenants of affordable units) will get expanded direct help — grants, forgivable loans, emergency repairs (HVAC, water heaters, utilities), housing rehab pilots, and a requirement that 70% of certain disaster recovery grants go to LMI residents — increasing housing safety, habitability, and affordability.
Communities affected by disasters will receive stronger, sustained recovery and resilience support — a dedicated Long-Term Disaster Recovery Fund, a HUD Office of Disaster Management and Resiliency, coordinated HUD–FEMA–SBA data-sharing, technical assistance, and planning grants — improving long-term rebuilding and mitigation capacity.
Prospective homebuyers — especially modest- and first-time buyers — may gain improved access to homeownership via small‑dollar mortgage incentives, clearer originator compensation rules, appraisal workforce supports, and limits on large investor purchases to increase single‑family homes available to individuals.
Taxpayers face substantial new or expanded federal spending (grants, pilot programs, disaster funds, HUD set‑asides, and other authorizations) that could increase deficits or require higher appropriations over time.
The bill adds significant administrative, compliance, and reporting burdens for HUD, state/local grantees, nonprofits, and lenders — more audits, certifications, data-sharing, rulemakings, and program controls that could slow program delivery and raise operating costs.
Several provisions lack guaranteed appropriations or rely on reallocated balances or future funding, so agencies and beneficiaries may not receive the money needed to implement reforms, limiting intended benefits or creating unfunded mandates.
Based on analysis of 16 sections of legislative text.
Creates a long‑term disaster recovery fund and CDBG‑DR formula; tightens HUD oversight and housing‑counselor rules; reforms manufactured housing; studies mortgage originator pay; and temporarily bans large investors from buying single‑family homes.
Introduced December 11, 2025 by French Hill · Last progress March 12, 2026
Reforms many federal housing policies by strengthening HUD oversight and housing‑counselor standards; creating a Long‑Term Disaster Recovery Fund and a formula CDBG‑DR program for catastrophic disasters; authorizing a whole‑home repairs program for low‑ and moderate‑income owners and small landlords; changing environmental review categorical exclusions to speed certain housing projects; updating manufactured‑housing rules so homes without a permanent chassis are treated the same as those with one; directing CFPB and other agencies to study mortgage originator pay and small‑dollar lending; and temporarily banning large institutional investors from buying single‑family homes (with disposal rules and penalties). It also adds annual congressional oversight requirements for HUD and other housing agencies, requires data‑sharing with FEMA/SBA to avoid duplication after disasters, mandates URLA changes to better flag veteran status, and bars the Federal Reserve from issuing a U.S. retail central bank digital currency through 2030. The bill mixes program authorizations, regulatory direction, new reporting and enforcement mechanisms, rulemaking mandates, and funding‑mechanism creation. Many provisions take effect on different timelines (some in months; some after rulemaking or state certification), and several require new regulations, interagency agreements, or appropriations to be implemented fully.