Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The Permanent Housing Affordability Act establishes a Lasting Home Affordability Fund that gives grants to state agencies, authorities, and certified community development financial institutions. Those grantees can provide low‑interest construction loans to local governments, nonprofits or community land trusts that develop homes under shared‑equity models, which must stay affordable for at least 99 years. The measure aims to expand permanent homeownership options for low‑ and moderate‑income families.
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