HouseH.R. 9263119th Congress
Housing Supply Fund Act of 2026
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[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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