arrow_back Back to App

Easier Financing for Backyard Homes and Property Upgrades

This act aims to make it easier to build additional living spaces, like backyard homes or converted garages, on existing properties. The government will insure loans for this purpose, potentially helping homeowners secure financing and increasing housing availability. This could create new rental income opportunities or provide space for family members.
Key points
Government insurance for loans to build Accessory Dwelling Units (ADUs) on private properties.
Loan amounts can be up to 30% of the property's value or 100% of the projected value after ADU construction, potentially including future rental income.
Simplifies access to financing for homeowners looking to expand their property.
Fannie Mae and Freddie Mac can purchase and securitize these insured loans, increasing their availability.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4568
Sponsor: Rep. Liccardo, Sam T. [D-CA-16]
Process start date: 2025-07-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4568.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-21.

What are the main provisions?

Key points include:

  • Government insurance for loans to build Accessory Dwelling Units (ADUs) on private properties.
  • Loan amounts can be up to 30% of the property's value or 100% of the projected value after ADU construction, potentially including future rental income.
  • Simplifies access to financing for homeowners looking to expand their property.
  • Fannie Mae and Freddie Mac can purchase and securitize these insured loans, increasing their availability.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Liccardo, Sam T. [D-CA-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Real Estate Economy