The federal government can make it easier to build multifamily housing by matching California’s low-interest loans to provide an additional low-interest funding stream for developers who build primarily affordable units–and require a higher share of subsidized affordable units.
Create federal low-interest loans for multifamily housing construction, matched to California's program, for developers who build primarily affordable units.
Occurrences
Evidence
Schiff announced the Housing BOOM Act and said it would create a $10 billion annual loan fund for affordable housing, but he also said he had not lined up Republican support and called passage a long shot.
Assessments
As of June 13, 2026, the available evidence shows Schiff made a serious, concrete legislative attempt by announcing and introducing the Housing BOOM Act, which matched the promise with a proposed $10 billion annual federal loan fund for affordable housing development. But there is no evidence in the record that the proposal was enacted or that a federal low-interest multifamily housing loan program matching California's model was created. Because the promised outcome was not delivered despite a material legislative effort, this rates as never with an effort badge.