This bill creates a refundable tax credit of up to $15,000 (10% of purchase price) for first-time homebuyers in the U.S. To qualify, buyers must be at least 18 years old, have no recent home ownership, and purchase with a federally-backed mortgage. The credit is reduced for higher-income households relative to local median income and home prices. Homeowners who sell within 4 years must repay the credit, though exceptions exist for military service or job changes. The credit can also be transferred to the mortgage lender at the time of purchase.
The American Homeownership Act restricts tax deductions for interest and depreciation on residential properties owned by institutional investment entities or "large owners" (defined as those holding 50+ single-family units). It creates exceptions for new construction, rehabilitation of uninhabitable properties, sales to individuals for primary residence, and properties serving affordable housing through tax credit programs. The bill also prohibits federal housing agencies from selling properties or providing mortgage loans to these large investors and allocates savings from these tax changes to fund affordable housing programs. These provisions aim to encourage homeownership by limiting tax benefits for large-scale rental property ownership while directing resources toward affordable housing development.
HR 2684, the Dignity in Housing Act of 2025, requires the Department of Housing and Urban Development (HUD) to conduct biennial inspections of public housing developments with 100 or more units. This applies directly to large public housing projects nationwide, ensuring they meet maintenance standards. The bill mandates inspections be performed by HUD staff or approved external inspectors (not housing agency employees) and requires all inspection results to be published online for public access. These changes aim to improve transparency and accountability in maintaining large public housing properties.
The Neighborhood Homes Investment Act creates a new tax credit to increase affordable homeownership in distressed communities by closing financing gaps. It allows developers to claim a credit equal to the difference between development costs and affordable sale prices, capped at 40% of development costs or 32% of the national median home price. To qualify, homes must be sold to individuals with incomes at or below 140% of area median income in designated distressed census tracts, with specific requirements for rehabilitation and affordability. The credit is designed to address housing shortages in low-income areas while requiring repayment if homes are resold within five years.
S 885 establishes a permanent program to preserve rural affordable housing by protecting low-income residents in properties financed under USDA rural housing loans (sections 514, 515, or 516). It requires annual notices to owners about maturing loans and to tenants about housing security options, including rental assistance renewal for up to 20 years. Key mechanisms include adjusting loan terms (reducing interest or deferring payments), requiring binding agreements to maintain affordability, and providing technical assistance to prevent loss of housing. The bill directly affects rural low-income tenants, farm laborers, and property owners, with $200 million annually authorized for 2026-2030 to support these efforts.
This bill creates a HUD grant program to help developers offset state and local taxes and infrastructure fees for new housing projects. Developers must secure commitments from local governments to reduce property taxes by at least 50% on qualifying projects to qualify. Priority is given to projects increasing affordable housing, located near transit or job centers, using infill sites, or targeting workforce/senior housing needs. The program allocates $300 million annually (2027-2031) to cover up to 50% of eligible costs or $150,000 per developer, with grants lasting up to five years.
This bill modifies eligibility rules for two federal loan programs (TIFIA and RRIF) to better accommodate residential and mixed-use development projects. It requires that such projects meet creditworthiness standards jointly determined by the Transportation and Housing and Urban Development secretaries, ensuring standards protect program finances while aligning with HUD's existing housing requirements. The changes apply to projects seeking loans under these programs after a 180-day effective date. The bill does not create new funding but adjusts how housing projects qualify for existing federal loan assistance.
HR 5824, the Tribal Affordable Housing Act, creates a new HUD grant program to help Native American tribes build or improve housing on tribal lands. It allocates $150 million annually starting in 2026 for competitive grants to tribes or tribal housing entities that historically received under $500,000 in HUD funding. Grants fund either new residential units or necessary improvements (like repairs or additions) to existing units. The program operates under existing rules from the 1996 Native American Housing Act.
This bill amends federal transit grant rules to incentivize local housing policies near transit. It defines "pro-housing policies" as actions removing regulatory barriers (like eliminating parking minimums or streamlining approvals for multi-family housing) and adds a 1-point scoring boost in grant evaluations for projects demonstrating such policies within walking distance of transit. Local governments and developers seeking federal transit capital grants can earn this boost by documenting these policies, with HUD consulted to assess expected housing outcomes. The policy directly affects how transit projects are scored for funding, aiming to align housing production with transit access.
This bill establishes a HUD demonstration program to connect homeless individuals with behavioral health needs to treatment services. It awards up to 10 grants to Continuums of Care (CoCs) in the 5 states with the highest homelessness rates per capita, provided they're within 50 miles of a Certified Community Behavioral Health Clinic. The program refers "qualified participants" - homeless individuals receiving supportive housing or disability benefits - to these clinics for mental health, substance use, and behavioral health treatment. It authorizes $50 million (2025-2029) and requires a report on program outcomes, including whether participants received Social Security disability benefits.
