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US HB4568

Bill

Official Source

Status

Introduced

7/21/2025

Primary Sponsor

Sam Liccardo

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • HUD Secretary must establish within 2 years a program to insure second liens on properties for financing accessory dwelling unit (ADU) construction
  • Maximum insured loan amount is the lesser of 30% of FHA one-unit residence limits or 100% of projected post-construction property value; loan limits may increase based on 50% of projected annual rental income from the ADU
  • Annual insurance premium capped at 1% of the principal amount insured, with borrowers required to certify property ownership
  • Fannie Mae and Freddie Mac must purchase and securitize these insured ADU loans unless FHFA Director determines market conditions pose excessive unmitigable risk
  • ADUs covered include modular/prefabricated units built to code, manufactured homes, or conversions of existing structures that contain kitchen, sleeping, and bathroom facilities on single-family properties

Legislative Description

Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act

Housing and community development

Last Action

Referred to the House Committee on Financial Services.

7/21/2025

Committee Referrals

Financial Services7/21/2025

Full Bill Text

No bill text available