What does HR10534 do?

The Affordable Housing Preservation and Protection Act of 2026 establishes a federal capital assistance program targeting distressed multifamily housing properties that serve low-income residents. The legislation addresses a critical gap in the affordable housing ecosystem: older federally assisted multifamily properties that have deteriorated to the point of physical obsolescence or economic non-viability, threatening the displacement of vulnerable residents and the permanent loss of affordable housing stock. The bill authorizes the Department of Housing and Urban Development to deploy direct loan assistance to property owners, sponsors, and HUD-approved purchasers who commit to long-term affordability preservation. By conditioning financial assistance on 30-year affordability use agreements and the renewal of rental assistance contracts, the Act seeks to ensure that rehabilitated properties remain accessible to low-income households for a generation. The scope of the legislation encompasses properties assisted under several major federal housing programs, reflecting Congress's intent to protect the full range of federally subsidized multifamily housing from permanent loss.

Who sponsored HR10534?

Shontel Brown, Carlos Gimenez, Michael Lawler

What is the status of HR10534?

Introduced as of September 24, 2026.

What does HR10534 do?

The Affordable Housing Preservation and Protection Act of 2026 establishes a federal capital assistance program targeting distressed multifamily housing properties that serve low-income residents. The legislation addresses a critical gap in the affordable housing ecosystem: older federally assisted multifamily properties that have deteriorated to the point of physical obsolescence or economic non-viability, threatening the displacement of vulnerable residents and the permanent loss of affordable housing stock. The bill authorizes the Department of Housing and Urban Development to deploy direct loan assistance to property owners, sponsors, and HUD-approved purchasers who commit to long-term affordability preservation. By conditioning financial assistance on 30-year affordability use agreements and the renewal of rental assistance contracts, the Act seeks to ensure that rehabilitated properties remain accessible to low-income households for a generation. The scope of the legislation encompasses properties assisted under several major federal housing programs, reflecting Congress's intent to protect the full range of federally subsidized multifamily housing from permanent loss.

Who sponsored HR10534?

Shontel Brown, Carlos Gimenez, Michael Lawler

What is the status of HR10534?

Introduced as of September 24, 2026.

HR10534 U.S. House: Affordable Housing Preservation and…

Introduced

Introduced in House · September 26, 2026

September 24, 2026

Ms. Brown (for herself, Mr. Gimenez, and Mr. Lawler) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Affordable Housing Preservation and Protection Act of 2026”.

Introduced

Introduced in House · September 26, 2026

September 24, 2026

Ms. Brown (for herself, Mr. Gimenez, and Mr. Lawler) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Affordable Housing Preservation and Protection Act of 2026”.

Introduced

Introduced in House · September 26, 2026

September 24, 2026

Ms. Brown (for herself, Mr. Gimenez, and Mr. Lawler) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Affordable Housing Preservation and Protection Act of 2026”.

Introduced

Introduced in House · September 26, 2026

September 24, 2026

Ms. Brown (for herself, Mr. Gimenez, and Mr. Lawler) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Affordable Housing Preservation and Protection Act of 2026”.

H.R.10534

H.R.10534

H.R.10534

H.R.10534