Habitable Housing Conversion Pilot Program Act of 2026

This bill directs the Department of Housing and Urban Development (HUD) to run a 5-year pilot program that insures mortgages used to convert basements of owner-occupied homes into rental housing units. Converted units must meet state and local building and safety codes and HUD safety rules. HUD may insure up to 150,000 mortgages and must consult with FEMA and NOAA to identify hazard-prone areas, which it may give priority. At the end of the 5 years, HUD must report to Congress on the program and recommend whether to renew, change, or end it.

Full text and official record on Congress.gov

Sponsors

• Gregory W. Meeks Democrat sponsor
• 1 cosponsors