Authorization of appropriations

Section 103 of the Housing and Community Development Act of 1974 (42 U.S.C. 5303) is amended by striking the last sentence and inserting the following: For purposes of assistance under section 106, there is authorized to be appropriated for fiscal year 2026 an amount equal to $3,425,000,000, as adjusted by adding to such amount a percentage thereof equal to any percentage increase, over the immediately preceding 4 calendar quarters ending before the commencement of such fiscal year, in the Consumer Price Index for All Urban Consumers (CPI–U) and, for each of fiscal years 2026 through 2029, the amount that is equal the amount authorized under this sentence for the immediately preceding fiscal year, as adjusted by adding to such amount a percentage thereof equal to any percentage increase, over the immediately preceding 4 calendar quarters ending before the commencement of such fiscal year to which such authorization applies, in the Consumer Price Index for All Urban Consumers (CPI–U).