Permanent Housing Affordability Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4262 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4262 To promote shared equity models of homeownership, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 26, 2026 Ms. Blunt Rochester introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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'…