Permanent Housing Affordability Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8127 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8127 To promote shared equity models of homeownership, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 26, 2026 Ms. Schrier introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To promote shared equity models of homeownership, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Permanent Housing Affordability Act''. SEC. 2. DEFINITIONS. In this Act: (1) Community development financial institution.--The term ``community development financial institution'' has the meaning given the term in section 103 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4702). (2) Community land trust.--The term ``community land trust'' means a nonprofit entity, a State, a unit of local government, or an instrumentality of a State or unit of local government-- (A) that is not managed by, or an affiliate of, a for-profit organization; (B) the primary purpose of which is acquiring, developing, or holding land to provide housing that is permanently affordable to low- and moderate-income persons; (C) that monitors properties to ensure affordability is preserved; (D) that provides housing that is permanently affordable to low- and moderate-income persons using a ground lease, deed covenant, or other similar legally enforceable measure,