The National Association of Realtors (NAR) has joined 14 other housing organizations in a letter supporting the bipartisan Housing Affordability Act (S.1527), sponsored by U.S. Sens. Reuben Gallego (D-AZ) and David McCormick (R-PA). The legislation updates the Federal Housing Administration’s multifamily loan limits to reflect current construction costs. The limits have remained unchanged since 2003, falling far behind today's construction costs. The outdated policy has become a barrier to building middle-income housing. Read more at the NAR website.
Source: NAR; 5/16/2025