A pilot program of up to 25 entities and 5,000 families may be set up
To increase the supply of housing in America, and for other purposes, section 404, Sec. 404.
Written by .
A pilot program of up to 25 entities and 5,000 families may be set up
The document says “can”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 404 in the PDF
What the document says
“The Secretary may establish a pilot program under which the Secretary shall select not more than 25 eligible entities to establish and manage escrow accounts for not more than 5,000 covered families, in accordance with this subsection.”
The new subsection (p) of section 23 of the United States Housing Act of 1937 lets the Secretary set up a pilot program choosing no more than 25 eligible entities to run escrow accounts for no more than 5,000 covered families. A covered family is one receiving assistance under section 8 or 9 of the Act and enrolled in the program.
What the document actually says
“The Secretary may establish a pilot program under which the Secretary shall select not more than 25 eligible entities to establish and manage escrow accounts for not more than 5,000 covered families, in accordance with this subsection.”
That sentence, in plain words
The housing agency may set up a test program. It may choose up to 25 bodies to run it. Those bodies open savings accounts for up to 5,000 families.
What this is about
An escrow account holds money for somebody else. Here it holds savings for a family. The two caps keep the test small.
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. 404, 140 Stat. 901 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A pilot program of up to 25 entities and 5,000 families may be set up,” Increase the supply of housing in America, section 404, Sec. 404. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec404-establishment/ (retrieved August 26, 2026).
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