Revises federal housing programs and bars large investors from buying single-family homes

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

This law makes many changes to federal housing programs, including exempting certain housing projects from federal environmental reviews, letting Community Development Block Grant funds pay for building new affordable housing, and creating grants for local housing plans and for communities that increase their housing supply.^2,3 It ends the requirement that manufactured homes be built on a permanent chassis, raises some Federal Housing Administration loan limits, expands the HOME program to households earning up to the area median income, and makes permanent the Rental Assistance Demonstration, which converts housing units to Section 8 properties, while raising its cap to 555,000 units.³ It also generally bars large institutional investors that control at least 350 single-family homes from buying more for 15 years, with civil penalties of up to $1 million per violation or three times the purchase price, eases some rules for community banks and credit unions, and bars the Federal Reserve from issuing a central bank digital currency, a digital form of the dollar, until December 31, 2030.³ The Senate passed its version in March 2026, and the House and Senate then made further changes before the final version passed in June 2026.³

§2Status

§3How Congress voted

Why this matters: The official count.