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To establish a pilot program for the Secretary of Housing and Urban Development to evaluate the effectiveness of insuring mortgages made to finance improvements to convert basement spaces into safely habitable dwelling units, and for other purposes.
5/16/2026, 8:07 AM
Summary of Bill HR 8854
H.R. 8854, introduced in the 119th Congress on May 15, 2026, aims to create a pilot program for the Secretary of Housing and Urban Development to assess the viability of providing mortgage insurance for loans meant to facilitate the conversion of basements into habitable living units. The bill may involve evaluating the effectiveness of such mortgage guarantees and potentially implementing related measures to promote the safe and lawful conversion of basement spaces in residential properties.
Current Status of Bill HR 8854
Bill HR 8854 is currently in the status of Bill Introduced since May 15, 2026. Bill HR 8854 was introduced during Congress 119 and was introduced to the House on May 15, 2026. Bill HR 8854's most recent activity was Referred to the House Committee on Financial Services. as of May 15, 2026
Bipartisan Support of Bill HR 8854
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8854
Primary Policy Focus
Alternate Title(s) of Bill HR 8854
To establish a pilot program for the Secretary of Housing and Urban Development to evaluate the effectiveness of insuring mortgages made to finance improvements to convert basement spaces into safely habitable dwelling units, and for other purposes.
To establish a pilot program for the Secretary of Housing and Urban Development to evaluate the effectiveness of insuring mortgages made to finance improvements to convert basement spaces into safely habitable dwelling units, and for other purposes.
Comments
Sponsors and Cosponsors of HR 8854
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