Affordable Housing Supply and Rent Relief Act

What This Bill Does

This bill would aim to expand the supply of affordable housing and reduce rents by changing how federal low-income housing assistance measures area median income. It is designed to make housing aid more responsive to local costs and improve access to affordable units.

For ordinary Americans, the bill matters because housing costs are one of the biggest household expenses, and changes to federal housing formulas can affect who qualifies for assistance and how much help they receive. If enacted, it could ease rent burdens for some low- and moderate-income renters and support the development or preservation of more affordable homes.

Who This Bill Affects

For the general public, this bill could help increase the availability of affordable rental housing and improve the targeting of federal housing assistance, which may lower housing costs for some renters. Its effects would be most noticeable for low- and moderate-income households, housing providers, and communities with high rents.

Latest Status

May 22, 2026

Referred to the House Committee on Financial Services.