Sponsors (32)
The bill channels substantial new federal support and procedural changes to speed housing supply, disaster recovery, and veteran/tenant protections while increasing transparency, but it raises trade-offs in higher federal spending, larger administrative burdens, privacy and environmental risks, and potential impacts on rental supply and local counseling capacity.
Disaster-affected households, businesses, and communities: the bill creates a dedicated long-term Disaster Recovery Fund and a new CDBG Disaster Recovery program with expedited preliminary grants, priority for low- and moderate-income households (≥70%), mitigation set-asides, and technical assistance to speed and coordinate long-term rebuilding and resilience.
Local governments, planners, and developers in urban and rural areas: the bill funds planning, zoning reform, pre-reviewed designs, and pilot conversion grants to increase housing supply and shorten development timelines, with a rural set‑aside to expand reach.
Renters and prospective owner-occupiers living in investor-held properties: tenants receive a 30-day right of first refusal and owners must broadly advertise and list on MLS before institutional disposition, while limits on very large institutional buyers are intended to free more single-family homes for individual buyers.
All taxpayers and federal budget stakeholders: the bill creates several new programs, large authorized appropriations, and set‑asides (disaster fund, planning grants, mitigation add‑ons, HOME penalties redirect) that increase federal spending and may require shifting or prioritizing discretionary resources.
HUD, state and local grantees, tribes, and nonprofits: numerous new reporting, audit, compliance, procurement, and waiver-notice requirements plus a new HUD office expand administrative burdens and staffing/IT needs that could divert resources from direct program delivery.
Local communities and environments: narrowing environmental reviews and broader categorical exclusions to speed projects risk reducing environmental scrutiny and could allow unaddressed local environmental harms.
Based on analysis of 16 sections of legislative text.
Imposes broad housing reforms: expands HUD oversight and counseling, creates a long-term disaster recovery fund/CDBG-DR program, redefines manufactured housing, limits large investor purchases of single-family homes, studies mortgage pay, and bans a Fed CBDC until 2030.
Introduced December 11, 2025 by French Hill · Last progress May 20, 2026
Makes broad, wide-ranging changes to federal housing policy, finance, disaster recovery, consumer protection, and housing market structure. It strengthens HUD oversight of housing counseling and homelessness programs, creates a new Long-Term Disaster Recovery Fund and a CDBG disaster-recovery grant program, changes manufactured-home definitions and labeling, directs studies and possible rulemaking on mortgage originator pay for small-dollar loans, restricts large institutional investors from buying many single-family homes, requires interagency coordination and new reporting, and bans a Federal Reserve-issued central bank digital currency through 2030. Imposes new compliance, reporting, and review duties on federal agencies, state and local grantees, mortgage lenders and counselors, and manufactured-housing stakeholders; establishes enforcement tools (civil penalties, sanction authority, and program terminations) and new grant/transfer authorities while specifying that no additional funds are authorized beyond existing appropriations language in the bill.