Bill > S1527

This bill modifies the multifamily loan limits under the National Housing Act by significantly increasing the dollar amounts for various housing programs. Specifically, the bill updates loan limits across multiple sections of the Act, raising the maximum loan amounts for different types of housing developments, such as residential units, cooperative housing, and housing for specific groups. For example, in section 207, loan limits are increased from amounts like $38,025 to $167,310, and from $42,120 to $185,328, representing substantial increases across different housing categories. The bill also introduces a new method for adjusting these dollar amounts, stipulating that starting July 1, 2025, the Secretary will calculate adjustments using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction, as released by the Bureau of the Census. Additionally, the bill mandates that any dollar amount adjustments be published in the Federal Register and rounded to the next lower dollar. These changes are intended to reflect current housing costs and make multifamily housing loans more accessible by increasing the maximum loan amounts across various housing programs.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1527/all-info