GROW Affordable Housing Act

This bill amends a key housing finance law to increase funding for affordable housing. It raises the mandatory allocation rate for Fannie Mae and Freddie Mac from 4.2 to 10 basis points of their capital, requiring them to dedicate more capital to affordable housing programs. The change directly affects these government-sponsored enterprises, which manage most U.S. residential mortgage lending. This policy shift increases the minimum capital they must allocate toward affordable housing without altering their core operations.