Repaid loans are reused for new repairs on the same terms
To increase the supply of housing in America, and for other purposes, section 202, Sec. 202.
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Repaid loans are reused for new repairs on the same terms
The document says “shall”Who acts: implementing organizationsHow: statuteSec. 202 in the PDF
What the document says
“If a loan made by an implementing organization under paragraph (2)(B) is not forgiven, the loan repayment funds shall be reused by the implementing organization for a new whole-home repair grant or loan under this subsection, which shall remain subject to the original terms of the assistance awarded under this subsection.”
The section provides that where a loan is not forgiven, the repayments are reused by the implementing organization for a new whole-home repair grant or loan, still subject to the original terms of the assistance.
What the document actually says
“If a loan made by an implementing organization under paragraph (2)(B) is not forgiven, the loan repayment funds shall be reused by the implementing organization for a new whole-home repair grant or loan under this subsection, which shall remain subject to the original terms of the assistance awarded under this subsection.”
That sentence, in plain words
Some loans are paid back. That money is used again. It funds a new repair grant or loan under the same rules.
What this is about
This keeps the money in the program. It does not go back to the Treasury. The same terms follow it to the next home.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 202, 140 Stat. 860 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“Repaid loans are reused for new repairs on the same terms,” Increase the supply of housing in America, section 202, Sec. 202. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec202-loan-reuse/ (retrieved October 10, 2026).
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