To amend the National Housing Act to authorize insurance of certain mortgages to finance repairs and improvements to condominium projects, and for other purposes.
About This Bill
Committee
Latest Action · June 30, 2026
Referred to the House Committee on Financial Services.
The Making Condos Safer and Affordable Act of 2026 amends federal housing laws to help condominium owners and associations pay for major repairs and improvements. The bill allows the Federal Housing Administration to insure mortgages for condominium associations to finance repairs to common areas like roofs, plumbing, and electrical systems, with loans covering up to 90 percent of project costs. It also allows individual condo unit owners to use FHA-insured loans to pay special assessments levied by their condo boards for shared facility repairs, and raises the loan limit for property improvement loans from $25,000 to $55,000, with automatic annual increases tied to inflation. The legislation is designed to make it easier and more affordable for condo residents and associations to handle expensive maintenance needs that often burden owners with large special assessments. The bill does not specify dedicated funding amounts or implementation timelines beyond requiring the Department of Housing and Urban Development to streamline its regulations for managing these new loan programs.
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