Section-by-Section Analysis of the Affordable Housing Bond Enhancement Act
This document provides a section-by-section description of the Affordable Housing Bond Enhancement Act, which was introduced by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA) on April 28, 2025, and by Representatives Rudy Yakym (R-IN) and Gwen Moore (D-WI) on February 9, 2026. The legislation would enact many of NCSHA’s long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. Notable changes include increasing the MRB home improvement loan limit, allowing MRBs to be used to fund refinancing loans, providing HFAs additional flexibility in how they utilize carryforward housing bond authority, and simplifying how a borrower’s MCC benefit is calculated.
This resource was last updated February 9, 2026.
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