H.R. 4479 — To amend the National Housing Act to direct the Secretary of Housing and Urban Development to establish a program to insure certain second liens secured against property for the purpose of financing the construction of an accessory dwelling unit, and for other purposes.

H.R. 4479 — To amend the National Housing Act to direct the Secretary of Housing and Urban Development to establish a program to insure certain second liens secured against property for the purpose of financing the construction of an accessory dwelling unit, and for other purposes. | JustPolicyThe purpose of this legislation is to create a program that provides insurance for certain second loans taken out to finance the construction of accessory dwelling units (ADUs). The goal is to make it easier for homeowners to build these additional living spaces, which can help address housing shortages and provide more affordable housing options. Key provisions of the legislation include the establishment of an insurance program by the Secretary of Housing and Urban Development.