Bills · HR 10534
IN COMMITTEE· 119TH CONGRESS
House BillHR 10534
Affordable Housing Preservation and Protection Act of 2026
The bill would authorize HUD loans, potentially including loans that can be forgiven, for necessary repairs at qualifying federally assisted apartment properties.AI-written
INTRO SEP 24· LAST ACTION SEP 24
PASSAGE CHANCESLONG SHOT
3%
READING
6MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
tl;dr
AI-writtenHUD could help finance major repairs at certain distressed affordable apartment properties. In return, owners would generally have to keep the homes affordable for 30 years.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenIf enacted and funded, the bill could provide loans for needed construction or major repairs, including work to address safety and accessibility problems. HUD could also modify or forgive loans when it determines that doing so would preserve affordability.
KEY PROVISIONS
5AI-extractedPROVISION 01
HUD could offer capital assistance, including direct loans that may be forgivable, for necessary physical improvements at eligible distressed properties.
This creates a potential federal source of financing for repairs that rental income alone cannot support.
PROVISION 02
Eligible owners or purchasers must agree to keep the property affordable for 30 years and accept certain rental-assistance contract renewals when offered.
The assistance would be tied to a long-term commitment to affordable housing.
PROVISION 03
Loans would carry 1 percent interest and generally have a repayment period matching the affordability period. HUD could extend or partly or fully forgive a loan if it determines that would preserve affordability.
These terms could make repair financing more manageable, while allowing HUD to adjust repayment when needed to preserve affordability.
PROVISION 04
Recipients would generally need to obtain at least 20 percent of the improvement cost from non-federal sources. HUD could reduce or waive that contribution if the applicant cannot secure it despite commercially reasonable efforts.
The contribution requirement brings in non-federal resources, but the bill gives HUD a way to make exceptions.
PROVISION 05
HUD would oversee timely rehabilitation, owner compliance, and outreach and consultation with residents. The bill authorizes appropriations of such sums as may be necessary.
The bill assigns HUD responsibility for carrying out and overseeing the assistance, but does not specify a dollar amount for funding.
SPONSORSHIP
1 + 2
D· Ohio
YRS IN OFFICE
4
BILLS LED
26
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSSEP 24
Referred to the House Committee on Financial Services.
SEP 24
Introduced in House
BILL INFO
TypeHouse Bill
NumberHR 10534
Congress119th
StatusIn Committee
IntroducedSep 24, 2026
Last actionSep 24, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED SEP 24, 2026
House BillHR 10534
Affordable Housing Preservation and Protection Act of 2026
The bill would authorize HUD loans, potentially including loans that can be forgiven, for necessary repairs at qualifying federally assisted apartment properties.AI-written
INTRODUCED SEP 24, 2026· LAST ACTION SEP 24, 2026
PASSAGE CHANCES
3%
READING
6 min
COSPONSORS
2
COMPLEXITY
Complex