Housing Affordability Act (S1527)
Current understanding
S1527 would raise FHA multifamily mortgage insurance loan limits and change the inflation index used to escalate those limits from the CPI-U to the Price Deflator Index of Multifamily Residential Units Under Construction. The bill is at the introduced stage. Supporters frame it as aligning insured loan ceilings with actual multifamily construction cost inflation; effects would flow primarily to multifamily builders and lenders using FHA insurance, with downstream implications for rental supply.