The Fresh Starts for Foster Youth Act amends federal law to require states to include legal counseling services for foster youth and to certify that their care plans address specific legal issues like housing, education, and family connections. This legislation directly affects the John H. Chafee Foster Care Program by updating how states must plan for the transition of foster youth into adulthood. The bill takes effect one year after enactment, with a provision allowing a delay if a state needs time to pass new laws to meet these updated requirements.
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This bill, known as the Protecting Homeowners from Squatters Act, aims to stop people from illegally occupying homes by defining squatting as entering a property and staying there for at least 10 to 14 days without the owner's permission or payment of rent. It directs local law enforcement to quickly remove squatters and prosecute them according to local laws while prohibiting the use of federal benefits to support or encourage such behavior. The legislation also ties federal housing funds to local compliance by withholding Community Development Block Grant money from jurisdictions that allow squatting or grant special tenant rights to squatters, and it bars federal mortgage support for loans secured by properties in those non-compliant areas.
This bill establishes a pilot program to help local governments in large urban areas create and share better maps that show the risk of urban flooding, which includes water damage from heavy rain and overwhelmed drainage systems. The Federal Emergency Management Agency will award grants to up to 12 cities and stormwater authorities to develop technology-based tools that provide specific flood risk assessments for individual buildings and incorporate climate trends. Funding is available for fiscal years 2027 through 2030, with grants covering up to 75% of project costs and prioritizing communities that are highly vulnerable to sea-level rise or have populations facing socioeconomic challenges. Recipients must complete their projects within 18 months and submit reports on their progress and lessons learned to the agency and Congress.
The Manufactured Housing Lending Act creates a pilot program to help expand access to loans for manufactured homes. It directs two major government-backed lenders to start buying or sharing the risk of new loans for these homes within a year of the program's launch. To qualify, the homes must be placed in nonprofit, government, or resident-owned communities with long-term or permanent site leases, and the program will include standard consumer protections. The lenders participating in this pilot will be allowed to earn a lower return on these specific loans compared to other similar lending activities.
This bill requires mortgage lenders to consider alternative credit information, such as rental payments and bank statements, when evaluating applicants who request it. It specifically targets individuals who lack a traditional credit history with major reporting agencies, a group that disproportionately includes low-income consumers, younger people, and people of color. Under the new rules, lenders must treat this permissioned data with the same weight as standard credit reports if the applicant authorizes its use and confirms it better reflects their financial standing. The legislation also mandates that underwriting systems be updated to automatically identify and include this data, while creditors must provide clear notices in eight common languages explaining the applicant's rights.
The Working Families Home Construction Act of 2026 allows Fannie Mae and Freddie Mac to buy and securitize specific construction loans designed to help build owner-occupied homes. These loans, which can cover costs like land acquisition and construction, are limited to $100,000 per unit and $2.4 million per project, and must be issued by approved lenders to builders who contribute at least 10% of the project's capital. To qualify, projects must receive local government approval and be sold to families earning between 90% and 130% of the area median income, with buyers required to live in the home for at least one year. The bill also directs that 22% of the available capital for these enterprises be allocated specifically to purchasing these qualifying construction loans.
The Summer for All Act authorizes the Secretary of Health and Human Services to provide competitive grants to organizations and state agencies for creating affordable, high-quality summer programs for youth aged 5 to 22. These grants prioritize serving low-income, rural, and underserved populations, including English learners, students with disabilities, and those experiencing homelessness, by offering free programming that includes academic enrichment, health activities, and social support. The legislation allocates $4 billion over four years, with the majority of funds designated for direct community programs and a smaller portion for state-level planning to expand access and improve program quality. Recipients must use the funds to provide safe, supervised environments during the summer months and are required to submit annual reports detailing how the money was spent and how many youth were served.
This bill, known as the Home Affordability Through Mortgage Simplification Act, aims to simplify rules for mortgage lenders and reduce costs for borrowers by updating regulations under the Truth in Lending Act. It introduces a new standard that allows closing costs to vary by up to $500 or 5 percent of third-party fees without penalty, while protecting borrowers from increases in interest rates, loan types, or origination charges. The legislation also permits lenders to issue up to two revised loan estimates for minor changes and allows borrowers to waive the mandatory three-day waiting period for corrected disclosures if they choose. Additionally, it limits lender liability for errors made by settlement agents if the lender exercised reasonable oversight and provides a one-time opportunity for lenders to fix violations without facing civil penalties.
This bill creates a new type of tax-advantaged savings account called a "home savings account" designed to help individuals save for housing expenses. It allows taxpayers to deduct up to $10,000 annually from their income for cash contributions made to these accounts, with a higher limit of $20,000 for married couples filing jointly. Money withdrawn from the account is tax-free only if it is used to buy a principal residence or pay down the mortgage on that home; otherwise, the withdrawal is taxed as income and subject to a 20% penalty. The legislation also permits a one-time transfer of funds from an existing retirement plan into a new home savings account and includes specific rules for handling excess contributions, account transfers due to divorce, and inheritance after the account holder's death.
The Latonya Reeves Freedom Act of 2026 strengthens the Americans with Disabilities Act to ensure individuals with long-term care needs have a federally protected right to live in their own homes or integrated community settings rather than institutions. It mandates that states and insurance providers offer community-based services, provide maximum control over care choices to individuals, and establish enforceable plans to transition people out of institutional facilities. The bill also creates new enforcement mechanisms, including a task force to study barriers to community living, requirements for public participation in planning, and the ability for individuals to sue for damages if they are denied these community-based options.
