Housing Supply Fund Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9263 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9263

 To increase the supply of affordable homes and expand housing options.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 11, 2026

  Ms. Brown introduced the following bill; which was referred to the
 Committee on Financial Services, and in addition to the Committee on
the Budget, for a period to be subsequently determined by the Speaker,
 in each case for consideration of such provisions as fall within the
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 To increase the supply of affordable homes and expand housing options.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Housing Supply Fund Act of 2026''.

SEC. 2. HOUSING SUPPLY FUND.

    (a) Definitions.--In this section:
            (1) CDFI fund.--The term ``CDFI Fund'' means the Community
        Development Financial Institutions Fund established under
        section 104(a) of the Community Development Banking and
        Financial Institutions Act of 1994 (12 U.S.C. 4703(a)).
            (2) Community development financial institution.--The term
        ``community development financial institution'' has the meaning
        given the term in section 103 of the Community Development
        Banking and Financial Institutions Act of 1994 (12 U.S.C.
        4702).
            (3) Eligible grantee.--The term ``eligible grantee''
        means--
                    (A) a community development financial institution
                certified by the CDFI Fund;
                    (B) a nonprofit organization having as one of its
                principal purposes the creation, development, or
                preservation of affordable housing, including a
                subsidiary of a housing finance agency or public
                housing agency; or
                    (C) a consortium of entities described in
                subparagraphs (A) and (B).
            (4) Public housing agency.--The term ``public housing
        agency'' has the meaning given the term in section 3(b)(6) of
        the United States Housing Act of 1937 (42 U.S.C. 1437a(b)(6)).
            (5) Secretary.--The term ``Secretary'' means the Secretary
        of the Treasury.
    (b) Establishment.--The Secretary shall establish within the CDFI
Fund a Housing Supply Fund to make competitive grants to eligible
grantees for the purpose of--
            (1) increasing investment in the development, preservation,
        rehabilitation, financing, or purchase of affordable housing
        primarily for--
                    (A) low-, very low-, and extremely low-income
                families who are renters; and
                    (B) homeowners with incomes of not more than 120
                percent of the area median income; and
            (2) supporting investment in economic development and
        community service facilities related to housing described in
        paragraph (1).
    (c) Eligible Uses.--An eligible grantee may use amounts awarded
from the Housing Supply Fund under this section for activities that
shall--
            (1) be reasonably expected to result in eligible affordable
        housing activities that support or sustain affordable housing
        funded by a grant under this section and capital from other
        public and private sources;
            (2) be used for the purposes described in subsection (b),
        including for--
                    (A) providing loan loss reserves;
                    (B) capitalizing a revolving loan fund;
                    (C) capitalizing an affordable housing fund for
                development, preservation, rehabilitation, or financing
                of, or purchase of property for, affordable housing and
                related economic development activities, including
                community service facilities;
                    (D) capitalizing an affordable housing mortgage
                fund to facilitate the origination of mortgages to
                buyers that may experience significant barriers to
                accessing affordable mortgage credit, including
                mortgages having low original principal obligations;
                    (E) providing risk-sharing loans;
                    (F) providing loan guarantees; and
            (3) through funds used for eligible uses described in
        paragraph (2), facilitate eligible activities that fulfill the
        purposes described in subsection (b), including--
                    (A) activities for the acquisition and conversion
                of existing commercial properties to affordable housing
                and related economic development and community service
                facilities;
                    (B) activities to acquire residential, industrial,
                or commercial property and land for the purpose of the
                preservation, development, or rehabilitation of
                affordable housing, including activities to support the
                creation, preservation, or rehabilitation of resident-
                owned manufactured housing communities; and
                    (C) mixed-use or transit-oriented development
                projects.
    (d) Federal Assistance.--For purposes of the application of Federal
civil rights laws, all assistance provided using amounts in the Housing
Supply Fund shall be considered Federal financial assistance.
    (e) Applications.--
            (1) In general.--An eligible grantee desiring a grant under
        this section shall submit to the Secretary an application at
        such time, in such manner, and containing such information as
        the Secretary may require.
            (2) Content of application.--In addition to other
        information as may be required by the Secretary under paragraph
        (1), an application for a grant under this section shall
        include a detailed description of--
                    (A) the proposed use of grant funds; and
                    (B) the qualifications of the applicant to
                successfully administer a grant under this section.
            (3) Geographic diversity.--The Secretary shall seek to fund
        activities under this section in geographically diverse areas,
        including urban, suburban, rural, Tribal, and territorial
        areas.
    (f) Implementation.--The Secretary shall have the authority to
issue such regulations as may be necessary to carry out this section.
    (g) Appropriation.--
            (1) In general.--In addition to amounts otherwise
        available, there is appropriated, out of amounts in the
        Treasury not otherwise appropriated, for each of fiscal years
        2026 through 2030, $500,000,000 to carry out this section.
            (2) Commitment for use deadline.--
                    (A) In general.--Amounts made available for grants
                under this section shall be committed for use within 4
                years of the date of the grant, except that the
                Secretary may waive or establish an alternative
                deadline as needed.
                    (B) Recapture.--The Secretary shall recapture into
                the Housing Supply Fund any amounts not so used or
                committed for use under subparagraph (A) to provide
                grants under this section in a subsequent funding
                round.
            (3) Administration.--Of the total amount made available to
        carry out this section, not more than 5 percent may be used for
        administrative expenses of the Secretary.
            (4) Emergency designation.--
                    (A) In general.--The amounts provided by this Act
                are designated as an emergency requirement pursuant to
                section 4(g) of the Statutory Pay-As-You-Go Act of 2010
                (2 U.S.C. 933(g)).
                    (B) Designation in house and senate.--This Act is
                designated as being for an emergency requirement
                pursuant to section 4001(a)(1) of S. Con. Res. 14
                (117th Congress), the concurrent resolution on the
                budget for fiscal year 2022, and section 1(e) of H.
                Res. 1151 (117th Congress), as engrossed in the House
                of Representatives on June 8, 2022.
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