U.S. Congress legislation · 119th Congress
SB5500: Affordable Housing Preservation and Protection Act of 2026
Status: In committee, September 24, 2026
A bill to preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.
What the bill says
To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.
From the introduced text, September 24, 2026:
A BILL To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development. SECTION 1. Short title This Act may be cited as the Affordable Housing Preservation and Protection Act of 2026 . SECTION 2. Revitalization and preservation of distressed multifamily properties (a) Definitions In this section: (1) HUD-approved purchaser The term HUD-approved purchaser means a purchaser that is approved by the Department of Housing and Urban Development. (2) Multifamily housing project The term multifamily housing project means a project consisting of five or more dwelling units assisted or approved to receive assistance or a transfer of assistance, insured, or with a loan held by the Secretary or a State or State agency in part or in whole pursuant to-- (A) section 8 of the United States Housing Act of 1937 ( 42 U.S.C. 1437f ); (B) section 202 of the Housing Act of 1959 ( 12 U.S.C. 1701q ); (C) section 202 of the Housing Act of 1959, as such section was in effect on the day before the date of enactment of the Cranston-Gonzalez National Affordable Housing Act ( Public Law 101-625 ; 104 Stat. 4079); (D) section 811 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 8013 ); (E) section 236 of the National Housing Act ( 12 U.S.C. 1715z-1 …
Sponsors
- Lisa Rochester (D, SD-DE) · primary sponsor
Latest actions
- : Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- : Introduced in Senate
Subjects: Housing and Community Development
Common questions
- What is SB5500?
- SB5500 is a bill in Congress (119th Congress): Affordable Housing Preservation and Protection Act of 2026.
- What does SB5500 do?
- In its own words: To preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development.
- What is the status of SB5500?
- In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (September 24, 2026).
- Who sponsored SB5500?
- Lisa Rochester (D, SD-DE).
- Where is the official record for SB5500?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5500
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.