This part raises the dollar limits on home loans the government backs for apartment buildings. The old figures come out. Much higher ones go in. It also changes how those figures rise each year. A study and a report to Congress follow.
The document says “is amended”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 211 in the PDF
What the document says
“The adjustment of the Dollar Amounts shall be calculated by the Secretary using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census from March of the previous year to March of the year in which the adjustment is made”
The section rewrites the indexing rule in section 206A of the National Housing Act. Adjustments now commence on July 1, 2025 and are calculated from the change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census, measured March to March. If that index is unavailable, the Secretary may use an alternative indicator after publishing information about it in the Federal Register for public comment.
What the document actually says
“The adjustment of the Dollar Amounts shall be calculated by the Secretary using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census from March of the previous year to March of the year in which the adjustment is made”
That sentence, in plain words
The housing agency works out how much the dollar limits rise. It uses one measure of building prices. It compares March one year to March the next.
What this is about
The limits used to be adjusted from a date in 2004. Now they run from July 1, 2025. If the measure stops being published, the agency can pick another one.
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.
The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 211 in the PDF
What the document says
“``(1) In general.-- The Secretary shall publish in the Federal Register any adjustments made to the Dollar Amounts. ``(2) Rounding.--The dollar amount of any adjustment described in paragraph (1) shall be rounded to the next lower dollar.'';”
The section rewrites subsection (b) of section 206A of the National Housing Act to require the Secretary to publish any adjustment to the dollar amounts in the Federal Register and to round each adjustment down to the next lower dollar.
What the document actually says
“``(1) In general.-- The Secretary shall publish in the Federal Register any adjustments made to the Dollar Amounts. ``(2) Rounding.--The dollar amount of any adjustment described in paragraph (1) shall be rounded to the next lower dollar.'';”
That sentence, in plain words
The housing agency must post any change to the dollar limits. It posts them in the Federal Register. Each figure is rounded down to the next whole dollar.
What this is about
The Federal Register is the daily notice paper of the government. A change posted there is public. Rounding down keeps the figures whole.
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.
The document says “is amended”Who acts: CongressHow: statuteSec. 211 in the PDF
What the document says
“(A) by striking ``$38,025'' and inserting ``$167,310''; (B) by striking ``$42,120'' and inserting ``$185,328''; (C) by striking ``$50,310'' and inserting ``$221,364'';”
The section replaces the per-unit dollar limits in sections 207(c)(3)(A), 213(b)(2), 220(d)(3)(B)(iii)(I), 221(d)(4)(ii)(I), 231(c)(2)(A), and 234(e)(3)(A) of the National Housing Act, in each case striking the older figure and inserting a much larger one. It also strikes the clause capping a figure at $17,460 per space in section 207(c)(3)(A). The new figures across the seven programs run from $166,509 to $385,387.
What the document actually says
“(A) by striking ``$38,025'' and inserting ``$167,310''; (B) by striking ``$42,120'' and inserting ``$185,328''; (C) by striking ``$50,310'' and inserting ``$221,364'';”
That sentence, in plain words
One old dollar figure is taken out. A much larger one goes in. That is done again and again down the list.
What this is about
These figures cap how much a loan may cover per home. They were set long ago and never kept up. The same swap is made in seven programs.
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.
The document says “may not be construed”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 211 in the PDF
What the document says
“Nothing in this section or the amendments made by this section may be construed to limit the authority of the Secretary of Housing and Urban Development to revise the statutory exceptions for high-cost percentage and high-cost areas annual indexing.”
The section states that nothing in it or its amendments may be read as limiting the Secretary's authority to revise the statutory exceptions for high-cost percentage and high-cost areas annual indexing.
What the document actually says
“Nothing in this section or the amendments made by this section may be construed to limit the authority of the Secretary of Housing and Urban Development to revise the statutory exceptions for high-cost percentage and high-cost areas annual indexing.”
That sentence, in plain words
This part does not cut back a power the housing agency already has. That power is to change the rules for high-cost areas each year.
What this is about
Building costs more in some places than others. The law allows for that with exceptions. Those exceptions stay in the agency's hands.
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.
The document says “shall”Who acts: Commissioner of the Federal Housing AdministrationHow: statuteSec. 211 in the PDF
What the document says
“The Commissioner of the Federal Housing Administration, in consultation with the Secretary of Housing and Urban Development, shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section:”
The section requires the Commissioner of the Federal Housing Administration, consulting the Secretary of Housing and Urban Development, to study whether the Commissioner has enough authority to raise loan limits to meet market demand, and what effect raising the limits has had on the General Insurance and Special Risk Insurance Fund, on the volume of insured multifamily purchase and construction lending, and, where data allows, on year over year changes over the last six years in lending costs, rents and house prices, and multifamily housing supply including permits, starts, and completions.
What the document actually says
“The Commissioner of the Federal Housing Administration, in consultation with the Secretary of Housing and Urban Development, shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section:”
That sentence, in plain words
The head of the housing loan office must run a study. The housing agency helps. The study compares the new limits with the ones before this law.
What this is about
A study asks what a change actually did. This one looks at the insurance fund and at lending. It also looks at rents, prices, and how much got built.
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.
The document says “shall”Who acts: Commissioner of the Federal Housing AdministrationHow: statuteSec. 211 in the PDF
What the document says
“Not later than 3 years after the date of enactment of this Act, the Commissioner of the Federal Housing Administration shall submit to Congress a report summarizing the findings of the Commissioner for the study conducted under subsection (b).”
The section requires the Commissioner of the Federal Housing Administration to report to Congress within three years of enactment, summarizing the findings of the study. The text refers to the study as conducted under subsection (b); the study is set out in subsection (c).
What the document actually says
“Not later than 3 years after the date of enactment of this Act, the Commissioner of the Federal Housing Administration shall submit to Congress a report summarizing the findings of the Commissioner for the study conducted under subsection (b).”
That sentence, in plain words
The head of the housing loan office must report to Congress. The report is due within three years. It sums up what the study found.
What this is about
The words point to subsection (b) for the study. The study itself sits in subsection (c). The site quotes the law as printed.
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.
Each distinct thing the section does: the new indexing method and start date for the dollar amounts, the duty to publish adjustments in the Federal Register and round them down, the replacement of the per-unit dollar limits across seven mortgage insurance programs, the rule of construction on high-cost areas, the study, and the report.
The individual dollar swaps are not recorded one by one. There are more than sixty of them across the seven programs, and they do the same thing in each place.
The section works by amending title II of the National Housing Act, which is not indexed here, so nothing is recorded about what the dollar limits govern in each program or what the figures were used for.
