06/24/2026
VERY COOL! Legislature passes a bipartisan HOUSING BILL!
Advocacy Wins in the Final Bill
Measures to increase housing supply:
Sec. 107—Housing Supply Frameworks. Directs the Department of Housing and Urban Development to develop zoning and land-use best practices to help communities remove barriers to housing development.
Sec. 201—Increasing Housing in Opportunity Zones. Prioritizes HUD grants that support housing construction and preservation in Opportunity Zones.
Sec. 202—Whole-Home Repairs Act. Supports grants and forgivable loans to preserve and stabilize aging housing stock.
Sec. 204—Affordable Housing Construction Eligibility. Allows Community Development Block Grant funds to be used for new housing construction.
Sec. 205—BUILD Housing Act. Streamlines environmental reviews to reduce delays and encourage housing development.
Sec. 206 —Unlocking Housing Supply Through Streamlined Reviews. Simplifies federal reviews for small and infill housing projects.
Sec. 207—Grants for Housing Planning and Implementation. Helps state, local and tribal governments plan for and support housing growth.
Sec. 208—Innovation Fund. Provides flexible funding to communities expanding housing supply and supporting infrastructure.
Sec. 209—Accelerating Home Building Act. Encourages preapproved housing designs and faster local permitting.
Sec. 210—RESIDE Act. Supports converting vacant and abandoned buildings into housing.
Sec. 211—Housing Affordability Act. Increases Federal Housing Administration multifamily loan limits to better support affordable housing development.
Sec. 301—Housing Supply Expansion Act. Modernizes manufactured housing rules to encourage innovation and expand affordable housing options.
Sec. 302—Modular Housing Production Act. Reduces financing barriers to modular housing construction.
Sec. 303—Property Improvement and Manufactured Housing Loan Modernization Act. Expands financing options for manufactured and factory-built housing.
Sec. 501—HOME Investment Partnerships Reform Act. Modernizes and reauthorizes a key affordable housing production program.
Sec. 502—Rural Housing Service Reform Act. Preserves affordable housing opportunities in rural communities.
Measures to expand access to homeownership:
Sec. 105—FHA Small-Dollar Mortgages. Creates a pilot program to expand access to mortgages of $100,000 or less.
Sec. 401—Creating Incentives for Small-Dollar Loan Originators. Examines barriers to originating small-dollar mortgages.
Sec. 402—Small-Dollar Mortgage Points and Fees. Reviews regulations that may limit the availability of small-dollar loans.
Sec. 404—Helping More Families Save Act. Encourages savings and economic mobility to support future homeownership.
Sec. 405—Choice in Affordable Housing Act. Reduces inspection delays and expands housing options for voucher holders.
Sec. 601—Military Service Question. Helps ensure veterans are informed about available VA home loan benefits.
Sec. 602—Housing Unhoused Disabled Veterans Act. Expands access to housing assistance for disabled veterans.
Measures to expand access to capital:
Sec. 203—Community Investment and Prosperity Act. Increases banks' capacity to invest in affordable housing.
Sec. 907—American Access to Banking. Streamlines bank formation and reviews restrictions that may limit capital access.
Sec. 908—Promoting New Bank Formation. Encourages the creation of new financial institutions through a phased regulatory framework.
Other provisions to expand access to capital. The legislation includes additional measures intended to strengthen lending capacity and support housing finance.
To support veterans:
Sec. 603—Veterans Affairs Loan Informed Disclosure (VALID) Act. Improves transparency for veteran home buyers by ensuring they can better compare VA and FHA financing options. NAR supports the VALID Act.
