The purchase price ceiling rises from 95 percent to 110 percent
To increase the supply of housing in America, and for other purposes, section 501, Sec. 501.
Written by .
The purchase price ceiling rises from 95 percent to 110 percent
The document says “is amended”Who acts: CongressHow: statuteSec. 501 in the PDF
What the document says
“(I) by striking ``95 percent'' and inserting ``110 percent''; and”
The section amends section 215(b) of the Cranston-Gonzalez National Affordable Housing Act to raise the purchase price ceiling from 95 percent to 110 percent, and defines purchase price as the amount borrowed by the homebuyer or the estimated value after rehabilitation, which may be adjusted for the limits a resale restriction places on future value. It also makes the same change from 95 percent to 110 percent in section 245(b)(2), on asset recycling.
What the document actually says
“(I) by striking ``95 percent'' and inserting ``110 percent''; and”
That sentence, in plain words
One figure comes out of an older rule. A higher one goes in. It rises from 95 percent to 110 percent.
What this is about
The figure caps the price of a home the program may help buy. It is set against a local benchmark. Raising it lets the program reach costlier homes.
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. 501, 140 Stat. 907 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The purchase price ceiling rises from 95 percent to 110 percent,” Increase the supply of housing in America, section 501, Sec. 501. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec501-purchase-price/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
