H.R. 9263

[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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