A Republican bill with 3 Democratic cosponsors · See all 5 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "First-Time Homebuyer Affordability Act" is a bill introduced to amend the Internal Revenue Code of 1986. Its main purpose is to exempt qualified mortgage bonds from the volume cap. These changes would apply to obligations issued after the date the Act is enacted.
Yes· 3 of 17
- Scored +8
Would people in their twenties and thirties be better off under this?
Young adults are the primary demographic for first-time homebuyer programs.
- Scored +7
Does this make housing cost less?
Removing the volume cap on qualified mortgage bonds increases funding for first-time homebuyer affordability.
- Scored +6
Would households on low incomes be better off under this?
Increases affordability and access to financing for low-to-moderate income buyers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Qualified Mortgage Bond Exemption: By exempting qualified mortgage bonds from the volume cap in Section 2(a), the bill aims to support first-time homebuyer affordability.
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would people in their twenties and thirties be better off under this? — Young adults are the primary demographic for first-time homebuyer programs. Would households on low incomes be better off under this? — Increases affordability and access to financing for low-to-moderate income buyers. Would middle-income households be better off under this? — Provides more opportunities for middle-class families to enter the housing market. Would people in rural areas be better off under this? — Increases funding availability for rural housing programs. Would people in cities be better off under this? — Urban areas often have high housing costs where these bonds are most needed. Would Black Americans be better off under this? — Increased affordability tools can help bridge the racial homeownership gap. Would Asian Americans be better off under this? — Increased affordability tools can help bridge the racial homeownership gap. Would Hispanic Americans be better off under this? — Increased affordability tools can help bridge the racial homeownership gap. Would people in middle age be better off under this? — May benefit those who are late first-time buyers or looking to assist children. Would Native Americans be better off under this? — Increased affordability tools can help bridge the racial homeownership gap. Would white Americans be better off under this? — Increases options for all first-time homebuyers regardless of race.
- Social Issues And Justice
- Does this make housing cost less? — Removing the volume cap on qualified mortgage bonds increases funding for first-time homebuyer affordability. Is this likely to lift people out of poverty? — Increasing home ownership can lead to long-term wealth building for low-to-moderate income families. Is this likely to reduce homelessness? — Improving homebuyer affordability may reduce the number of people unable to find stable housing.
- Governance And Ideology
- Does this leave more decisions to the states? — Removing the volume cap gives state and local governments more flexibility in issuing mortgage bonds.
- Economy And Finance
- Is this likely to grow the economy? — Increasing the availability of mortgage bonds can stimulate the housing market and economic activity.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — Mortgage bond availability can support housing development in rural areas.
- 9/14/2026
- 1 Cosponsor added.
- 9/3/2026
- 1 Cosponsor added.
- 8/10/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
Salud CarbajalDemocrat · California
Michael LawlerRepublican · New York
Blake MooreRepublican · Utah
Jimmy PanettaDemocrat · California
Thomas SuozziDemocrat · New York