Making Condos Safer and Affordable Act of 2026

This bill would let the federal housing agency (HUD) insure loans taken out by condominium associations to pay for repairing or replacing shared parts of a condo building, such as common systems and facilities. These association loans could cover up to 90 percent of the project cost and could be repaid through required payments from unit owners. The bill would also let individual condo owners use FHA-insured loans to pay special assessments charged by their association for building repairs. It would raise the limit on certain FHA property improvement loans from $25,000 to $55,000 and require that limit to rise each year with inflation.

Full text and official record on Congress.gov

Sponsors

• Debbie Wasserman Schultz Democrat sponsor
• 1 cosponsors