S. 3862 aims to adjust the loan limits for multifamily housing under the National Housing Act in the United States. The bill proposes increasing the dollar amounts allowable for various loan categories, reflecting changes in the cost of construction. These adjustments will be...
Simple Explanation
S. 3862 wants to change the rules about how much money can be borrowed to build big apartment buildings so that it matches how much building a home costs now. The new rules will be updated every year to make sure they always fit what's going on with prices.