Affordable Housing Preservation and Protection Act of 2026
Creates HUD repair loans for distressed federally assisted multifamily housing, with long-term affordability commitments.
In the Senate Banking, Housing, and Urban Affairs Committee since Sept. 24, 2026, 14 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROSEP 24, 2026
- COMMITTEECOMM.IN COMMITTEE
- SENATESENATE—
- HOUSEHOUSE—
- LAWLAW—
What the bill would do, and why it matters
Some federally assisted apartment buildings need major repairs but may not bring in enough rent to finance them. The bill would let HUD offer low-interest repair loans for eligible distressed properties. Recipients would generally have to keep the housing affordable for 30 years and contribute part of the repair costs from non-Federal sources.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- DATA NOTE No Congressional Research Service summary was available.
- Creates low-cost loans for needed repairs
HUD could offer capital assistance to owners, sponsors, or HUD-approved purchasers of eligible multifamily projects with serious physical problems that put them at risk of becoming unusable or financially unviable, when rents and other available resources are not enough to pay for needed improvements. Loans would carry 1 percent interest and could be modified or forgiven.
- Requires long-term affordable housing commitments
Recipients would have to establish or extend an affordable-housing agreement for 30 years and accept offered renewals of rental-assistance contracts under the specified terms. They generally would also have to obtain at least 20 percent of the improvement cost from non-Federal sources, though HUD could reduce or waive that share if an applicant could not secure it despite commercially reasonable efforts.
- Lets HUD adjust loans to preserve affordability
If HUD determines a change would preserve a project's affordability, it could waive certain repayment restrictions, agree to new debt taking priority over the loan, extend the loan term, or forgive some or all of the loan.
- Requires oversight and resident outreach
HUD would have to work toward timely rehabilitation, monitor owners' compliance with program or contract requirements, and consult residents of distressed properties. The bill also allows program funds to cover implementation costs, including outreach and consultation.
The bill's eligibility rules focus on properties with physical deficiencies serious enough to threaten their continued use as housing, where rents cannot support the needed repair debt. Its stated purpose is to preserve decent, safe, and sanitary affordable housing over the long term.
The practical stakes are whether eligible properties could get repairs while remaining affordable, and how much Federal assistance would be needed. The bill authorizes appropriations in amounts Congress may provide, without specifying a dollar amount.
Written from the bill text.
The path it took, step by step
- IntroducedSEP 24, 2026SENATESEP 24, 2026By Sen. RochesterReferred to Banking, Housing, and Urban Affairs
- SAME DAYNOWSenate committeeSEP 24, 2026BANKING, HOUSING, & URBAN AFFAIRS NOWSEP 24, 2026In committee for 14 daysNo hearing yet
- 14 DAYS SO FARPassed the Senate—SENATE FLOOR—Not scheduled
- House committee—HOUSE—
- Passed the House—HOUSE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- SEP 242026SEP 24, 2026REFERREDRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- SEP 242026SEP 24, 2026INTRODUCEDSENATEIntroduced in Senate
At day 14, this bill is already older than 3% of the laws passed this Congress were when they were signed.
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