This legislation aims to establish the Federal Interagency Council on Housing Affordability and Preservation, which will develop and implement policies to enhance the availability of affordable housing and promote fairness in the rental market. By fostering collaboration among federal, state, and local governments, as well as the private sector, the Council seeks to address the pressing issue of housing affordability in the United States. The Council will consist of leaders from various federal agencies, including the Departments of Housing and Urban Development, Justice, and Labor.