Unlocking Affordable Housing Act

This bill changes the credit rules for two federal transportation loan programs, TIFIA and RRIF, when a project includes housing or mixed-use development. Instead of requiring an investment-grade rating, such projects would have to meet creditworthiness standards set by the Secretary of Transportation in consultation with the Secretary of Housing and Urban Development. These standards would be designed to protect the programs' finances and to match, where practical, similar HUD requirements. The bill also removes a September 30, 2026 deadline in a related TIFIA definition, requires regulations within 180 days, and applies the changes to loans and lines of credit issued 180 days after enactment or later.

Full text and official record on Congress.gov

Sponsors

• Hillary J. Scholten Democrat sponsor
• 7 cosponsors