Housing Supply Fund Act (H.R. 9263)

Summary

Creates a Housing Supply Fund to give money to groups that build, fix, or finance affordable homes for low-income families and certain homeowners.

What problem does this solve?

Many families cannot find or afford a safe place to live because there are not enough affordable homes. This bill creates a special fund to give money to trusted groups that will build new homes, fix old ones, and help people get fair loans.

What does this bill do?

Establishes the Housing Supply Fund

Creates a new fund within the Community Development Financial Institutions (CDFI) Fund to give competitive grants to groups for affordable housing projects.

Provides $2.5 billion in funding

Appropriates $500 million for each fiscal year from 2026 through 2030 to carry out the grant program.

Defines who can receive grants

Specifies that grants can be awarded to community development financial institutions, certain nonprofit organizations, and public housing agencies.

Specifies how funds can be used

Allows grant money to be used for many housing activities, including building loan funds, buying property for affordable housing, and converting commercial buildings into homes.

Targets low-income families

Directs funds to help low-income renters and homeowners who earn no more than 120 percent of the area's median income.

Requires geographic diversity

Requires the Secretary of the Treasury to try and fund projects in a variety of areas, including urban, suburban, rural, Tribal, and territorial locations.

Designates funding as an emergency

Labels the funding as an emergency requirement, which allows it to bypass certain budget rules that require spending to be offset by cuts or tax increases.

Recaptures unused funds

Allows the government to take back any grant money that is not used within four years and use it for future grants.

Who does this affect?

Low-income families
Community development financial institutions (CDFIs)
Nonprofit housing organizations

What is the real world impact?

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Increases the number of affordable homes

Addresses the national housing shortage by providing a steady stream of money to organizations that specialize in creating and preserving affordable housing for low-income families.

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Uses existing community groups

Relies on experienced community development financial institutions and nonprofits to manage housing projects, believing they can effectively use the funds to meet local needs.

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Bypasses normal budget rules

Designates the funding as an 'emergency requirement' to avoid rules that would require cutting spending elsewhere or raising taxes. This could be criticized by those concerned about the national debt.

When does this start?

Provides funding for affordable housing projects for five years, starting in fiscal year 2026.

Deadline for using funds

Groups that receive a grant must commit the money for use within four years, unless the Secretary of the Treasury allows for a different deadline.