Affordable Housing Preservation and Protection Act of 2026

This bill would let the Department of Housing and Urban Development (HUD) offer loans to owners, sponsors, or HUD-approved buyers of HUD-assisted apartment properties with five or more units that need repairs. The loans would carry 1 percent interest, could be changed, extended, or forgiven, and could only be used for repairs HUD finds necessary, including accessibility fixes. To qualify, owners would have to keep the property affordable for 30 years and accept renewals of rental assistance contracts when offered. Loan recipients would generally have to raise at least 20 percent of repair costs from non-federal sources, though HUD could lower or waive this. The bill authorizes such sums as may be necessary to carry out the program.

Full text and official record on Congress.gov

Sponsors

• Shontel M. Brown Democrat sponsor
• 2 cosponsors