Overview: Housing Affordability Act
| Bill Number | Chamber | Sponsor | Date Introduced |
|---|---|---|---|
| H.R. 6132 | House | Rep. De La Cruz, Monica [R-TX-15] | November 19, 2025 |
| S. 1527 | Senate | Sen. Gallego, Ruben [D-AZ] | November 19, 2025 |
The Housing Affordability Act raises Federal Housing Administration (FHA) multifamily per-unit loan limits, which can support the financing of more multi-unit housing. It also sets a clear process for updating those limits each year based on construction costs.
For home buyers, more multifamily financing can support the overall housing supply, including rental housing. The bill has versions in both chambers, including H.R. 6132 and S. 1527.
Note that bills often change on their way to becoming law, so this page will update as new details emerge. For real-time updates, subscribe to our newsletter.
Bill Overview
Housing Affordability Act
Raises Federal Housing Administration multifamily loan limits and provides for annual inflation adjustments and publication of updated limits.
Bill Overview
Housing Affordability Act
Raises Federal Housing Administration multifamily loan limits and provides for annual inflation adjustments and publication of updated limits.
Bill
Housing Affordability Act
House of Representatives
Senate
What Is the Housing Affordability Act?
The Housing Affordability Act updates FHA multifamily loan limits by increasing several per-unit dollar caps. These limits are used in FHA programs that finance multi-unit properties, often used for rental housing.
The bill also creates a consistent annual update schedule starting in mid-2025, so the limits can track changes in multifamily construction costs over time.
How The Housing Affordability Act Works
The bill makes two main changes: it raises multiple FHA multifamily per-unit loan limits, and it sets an annual inflation adjustment process.
Increased FHA Multifamily Per-Unit Loan Limits
The Housing Affordability Act increases several per-unit loan limits across FHA multifamily programs. Examples listed in the bill include:
- $38,025 increased to $167,310 per unit
- $85,328 increased to $375,443 per unit
- $41,207 increased to $181,311 per unit
- $85,836 increased to $377,678 per unit
- $42,048 increased to $185,011 per unit
- $87,588 increased to $385,387 per unit
These examples reflect the bill’s broader approach: raising per-unit caps so FHA multifamily financing can fit today’s construction and development costs.
Annual Inflation Adjustment Starting July 1, 2025
Starting July 1, 2025, the Housing Affordability Act directs an annual adjustment to the updated dollar limits using a Census multifamily construction price deflator. This method ties future updates to a construction-cost measure that reflects multifamily building conditions.
Publication And Rounding Rules
The Department of Housing and Urban Development (HUD) must publish the updated dollar limits in the Federal Register. The published limits are rounded down to the next dollar.
Together, these updates set higher starting limits and a repeatable process for keeping limits current.
Who Qualifies Under The Housing Affordability Act?
The Housing Affordability Act adjusts FHA multifamily loan limits, so it applies to FHA multifamily loans rather than a person-based benefit with an income cutoff or a first-time home buyer requirement.
Groups that may be affected include:
- Multifamily property developers using FHA multifamily financing
- Owners refinancing or improving qualifying multifamily properties through FHA programs
- Communities where added multifamily financing supports more housing options
For home buyers, the connection is indirect: when more multifamily housing can be financed, the overall housing supply can have more room to grow.
Who Sponsors the Housing Affordability Act?
The Housing Affordability Act is introduced in both the Senate as S. 1527 and the House as H.R. 6132. Sponsor and cosponsor details can change as the bill moves through Congress.
For the latest legislative updates and cosponsors, see the Bill Tracker above.
Frequently Asked Questions About the Housing Affordability Act
Get answers to common questions about the proposed Housing Affordability Act.
What does the Housing Affordability Act do?
It increases Federal Housing Administration multifamily per-unit loan limits and sets a schedule for updating those limits each year for inflation.
Does the Housing Affordability Act change FHA loans for buying a single-family home?
The bill focuses on FHA multifamily loan limits, which are used to finance properties with multiple units, not typical single-family FHA purchase loans.
What types of housing could be affected by the Housing Affordability Act?
Housing financed with FHA multifamily programs, including apartment-style and other multi-unit rental housing, could be affected because the bill raises per-unit dollar limits.
How much do the FHA multifamily per-unit loan limits increase under the Housing Affordability Act?
The bill raises several per-unit limits by large amounts, including examples such as $38,025 to $167,310, $85,328 to $375,443, $41,207 to $181,311, $85,836 to $377,678, $42,048 to $185,011, and $87,588 to $385,387.
When do the inflation adjustments start under the Housing Affordability Act?
Annual inflation adjustments start July 1, 2025, using a Census multifamily construction price deflator.
How will updated loan limits be published?
The Department of Housing and Urban Development must publish the updated dollar limits in the Federal Register, and the published limits are rounded down to the next dollar.
About the Author
Dan Green
20-year Mortgage Expert
Dan Green is a mortgage expert with over 20 years of direct mortgage experience. He has helped millions of homebuyers navigate their mortgages and is regularly cited by the press for his mortgage insights. Dan combines deep industry knowledge with clear, practical guidance to help buyers make informed decisions about their home financing.
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