Sponsor
Kim Schrier
Representative · D-WA
Representative · D-WA
The bill expands permanently affordable housing capacity and builds community land trust/shared-equity infrastructure, especially for high-need areas, but does so at nontrivial federal cost, with administrative complexity, potential dilution of targeting, and reduced fiscal receipts from discounted federal land sales.
Low- and moderate-income households (renters and prospective homeowners) gain expanded access to permanently affordable homes through long-term affordability rules, community land trusts, shared-equity models, and conveyance of surplus federal property with perpetual use restrictions.
The bill injects targeted federal capital to produce and preserve affordable housing — including $100M for lending/jumpstart and $100M/year (2027–2031) for land/property acquisition — which supports housing creation and local construction jobs.
Community land trusts and shared‑equity programs are explicitly recognized and made eligible for grants, plus technical assistance and HUD outreach/coordination, strengthening local nonprofit capacity and increasing lender/consumer awareness of alternative affordable homeownership models.
Federal taxpayers face meaningful new and ongoing costs — including at least $100M startup, $100M/year for five years ($500M), recurring outreach/administration, and revenue loss from deeply discounted land sales — increasing federal outlays without full offsets.
Even with the direct funding, program scale and the deep discounting of federal parcels may be modest compared with national affordable housing needs and could forgo substantial federal receipts from valuable urban parcels.
Administrative burdens and compliance requirements (applications, reporting, resale formulas, long affordability terms) fall on small nonprofits, grantees, and HUD, potentially slowing project delivery and diverting limited staff capacity.
Based on analysis of 6 sections of legislative text.
Establishes grant and pilot programs, technical assistance, and surplus‑property conveyances to expand permanent shared‑equity and community land trust housing with long‑term affordability protections.
Official title: To promote shared equity models of homeownership, and for other purposes.
Introduced March 26, 2026 by Kim Schrier · Last progress March 26, 2026
Creates several federal programs and authorities to expand permanently affordable homeownership and shared‑equity housing (including community land trusts and limited‑equity cooperatives). It authorizes a Treasury grant fund to finance low‑interest construction loans, a HUD pilot to acquire land and properties for long‑term affordable housing, HUD research and technical assistance on shared‑equity models, and a GSA conveyance rule to transfer suitable surplus federal property at steep discounts to community land trusts and similar entities. The bill sets income limits for beneficiaries, minimum affordability durations (generally 99 years or the longest allowable under state law), reporting requirements for grantees and agencies, and authorizes specific funding levels: $100 million (Treasury, FY2027), $100 million per year for HUD (FY2027–2031) for the pilot, and $3 million annually for HUD outreach (FY2027–FY2029), plus unspecified sums for research and technical assistance.