Rent is calculated as usual and accounts open within six months of selection
To increase the supply of housing in America, and for other purposes, section 404, Sec. 404.
Written by .
Rent is calculated as usual and accounts open within six months of selection
The document says “shall”Who acts: Secretary of Housing and Urban Development, eligible entitiesHow: statuteSec. 404 in the PDF
What the document says
“``(i) not later than 6 months after selection, establish escrow accounts under paragraph (3) for covered families; and”
The new subsection provides that a covered family's rent while in the program is worked out under the ordinary rental provisions of section 3 or 8(o). The Secretary must choose the participating entities within a year of establishing the program, and each entity must open the escrow accounts within six months of selection and keep them for at least five years, or until termination with disbursement under section 984.303(k) of title 24 of the Code of Federal Regulations, or until the family stops receiving assistance, and at the family's choice for no more than seven years.
What the document actually says
“``(i) not later than 6 months after selection, establish escrow accounts under paragraph (3) for covered families; and”
That sentence, in plain words
The body must open the savings accounts within six months. The clock runs from the day it is chosen.
What this is about
Rent is worked out the usual way while a family is in the test. The housing agency picks the bodies within a year. Accounts are kept at least five years.
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
“Rent is calculated as usual and accounts open within six months of selection,” Increase the supply of housing in America, section 404, Sec. 404. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec404-rent-and-timeline/ (retrieved August 26, 2026).
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