What does Preamble of Affordable Housing and Area Median Income Fairness Act of 2026 do?

This bill, formally titled 'To increase the supply of, and lower rents for, affordable housing and to assess calculations of area median income for purposes of Federal low-income housing assistance, and for other purposes,' aims to increase the supply of affordable housing. The bill also seeks to lower rents for affordable housing. It intends to assess calculations of area median income for federal low-income housing assistance.

What does SHORT TITLE. of Affordable Housing and Area Median Income Fairness Act of 2026 do?

This bill is formally titled the Affordable Housing and Area Median Income Fairness Act of 2026.

What does URGENT SUPPORT FOR AFFORDABLE HOUSING INFRASTRUCTURE. of Affordable Housing and Area Median Income Fairness Act of 2026 do?

This section authorizes appropriations of $5,000,000,000 annually for each of fiscal years 2026 through 2035 to carry out Title II of the Cranston-Gonzalez National Affordable Housing Act. Similarly, $5,000,000,000 is authorized annually for community development block grant assistance under the Housing and Community Development Act of 1974, also for fiscal years 2026 through 2035. The Housing Trust Fund is also authorized to receive $5,000,000,000 annually from fiscal years 2026 through 2035. All authorized appropriations are limited to areas within a jurisdiction where the Secretary has applied a high housing cost adjustment.

What does ASSESSMENT REGARDING OPTIMIZING USE OF AREA MEDIAN INCOME TO of Affordable Housing and Area Median Income Fairness Act of 2026 do?

This section directs the Secretary to assess alternative methods for calculating area median income (AMI) for affordable housing programs in urban areas. The assessment must consider previous reports, the affordable housing crisis's impact, and the effects of high housing cost adjustments. The Secretary must analyze the potential impacts of calculating AMI at the ZIP Code level and using other localized methodologies. The report should include a process for State housing authorities to designate AMI jurisdictions. The assessment will also explore alternative metrics to AMI for setting income levels in affordable housing programs. Recommendations are sought on how the Secretary can reform or eliminate AMI usage to improve affordability for low-income and middle-class families. The report must assess the impact of Westchester and Rockland Counties, New York, on New York City's AMI and affordable housing supply. The Secretary must submit a methodology report outlining the approach to the assessment within 45 days of enactment.

What does DEFINITIONS. of Affordable Housing and Area Median Income Fairness Act of 2026 do?

This section defines terms used within the Act. “Area median income” is defined as the median income for an area, referencing section 3(b) of the United States Housing Act of 1937. “High housing cost adjustment” refers to adjustments for high housing costs or construction costs, used to increase income limits in areas with abnormally high housing costs. “Secretary” is defined as the Secretary of Housing and Urban Development.

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Affordable Housing and Area Median Income Fairness Act of 2026

Last updated: 5/22/2026 · Introduced: 5/22/2026

Author: Yvette Clarke (D-NY)

TL;DR (AI)

The bill authorizes $15 billion annually through 2035 for affordable housing programs, including the Cranston-Gonzalez National Affordable Housing Act, Community Development Block Grant assistance, and the Housing Trust Fund, prioritizing areas with high housing costs.
It directs the Secretary of Housing and Urban Development to assess alternative methods for calculating area median income (AMI) in urban areas, including ZIP Code-level calculations and exploring metrics beyond AMI.
The bill mandates an assessment of the impact of Westchester and Rockland Counties, New York, on New York City’s area median income and affordable housing supply.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 3 more.

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