1. Short title This Act may be cited as the Homeownership Affordability Act . 2. Multifamily loan limits Title II of the National Housing Act ( 12 U.S.C. 1707 et seq. ) is amended— (1) in section 206A ( 12 U.S.C. 1712a )— (A) in subsection (a), in the matter following paragraph (7), by striking (commencing in 2004 and all that follows through the period at the end and inserting the following: , commencing on July 1, 2024. The adjustment of the Dollar Amounts shall be calculated by the Secretary using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census from March of the previous year to March of the year in which the adjustment is made. ; and (B) by amending subsection (b) to read as follows: (b) Publication (1) In general The Secretary shall publish in the Federal Register any adjustments made to the Dollar Amounts. (2) Rounding The dollar amount of any adjustment described in paragraph (1) shall be rounded to the next lower dollar. ; (2) in section 207(c)(3)(A) ( 12 U.S.C. 1713(c)(3)(A) )— (A) by striking $38,025 and inserting $167,310 ; (B) by striking $42,120 and inserting $185,328 ; (C) by striking $50,310 and inserting $221,364 ; (D) by striking $62,010 and inserting $272,844 ; (E) by striking $70,200 and inserting $308,880 ; (F) by striking , or not to exceed $17,460 per space ; (G) by striking $43,875 and inserting $193,050 ; (H) by striking $49,140 and inserting $216,216 ; (I) by striking $60,255 and inserting $265,122 ; (J) by striking $75,465 and inserting $332,046 ; and (K) by striking $85,328 and inserting $375,443 ; (3) in section 213(b)(2) ( 12 U.S.C. 1715e(b)(2) )— (A) by striking $41,207 and inserting $181,311 ; (B) by striking $47,511 and inserting $209,048 ; (C) by striking $57,300 and inserting $252,120 ; (D) by striking $73,343 and inserting $322,709 ; (E) by striking $81,708 and inserting $359,515 ; (F) by striking $43,875 and inserting $193,050 ; (G) by striking $49,710 and inserting $218,724