Families First Housing Act of 2026
Sponsored By: Representative Rep. Harrigan, Pat [R-NC-10]
Introduced
Summary
This bill would create a nationwide first look protection that gives homebuyers, nonprofits, and local governments the first chance to buy certain single-family homes owned by major federal housing entities. It would set a 180-day exclusive window, require fair market pricing based on an appraisal or broker price opinion within 60 days, and require public listings, reporting, and penalties for violations.
Show full summary
- Homebuyers and community groups would get priority to buy eligible 1-to-4-unit homes for 180 days. Qualified buyers include people who will occupy the home, nonprofit housing organizations, local governments, and community land trusts.
- Covered entities like the Federal Housing Administration, the Federal Housing Finance Agency, Fannie Mae, Freddie Mac, and the Department of Agriculture would have to list these properties publicly, stop bundling eligible homes, and publish quarterly data on sales, buyers, pricing methods, and sale-price to fair market value ratios.
- Inspectors general must review sales annually and report publicly. The HUD Secretary could force disclosure of violations, impose civil penalties equal to the greater of $100,000 or one-third of the sale price on involved employees, and where practicable unwind transactions.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Fines for covered seller violations
If enacted, HUD would be able to take enforcement actions when a covered entity violates the first-look rules. HUD would be able to require public disclosure of the violation, impose a civil penalty on each employee involved equal to the greater of $100,000 or one-third of the sale price, and, where practicable without breaching contracts, require reversal or unwinding of the transaction.
180-day first-look for home buyers
If enacted, the bill would require certain federal housing sellers (for example, FHA, FHFA, Fannie Mae, Freddie Mac, and USDA) to give a 180-day exclusive “first look” period for eligible 1–4 unit homes. During that period the property would be listed online as available only to qualified first-look buyers and show days remaining. Sellers would have to offer the home at fair market value based on an independent appraisal or broker price opinion dated within 60 days of listing, or use a disclosed valuation model if no appraisal/BPO is available. The rules would take effect 180 days after enactment and covered entities would have 180 days to issue rules that include buyer eligibility verification.
Quarterly home-sale reports by agencies
If enacted, each covered federal housing entity would publish a quarterly website report showing prior-quarter sales. Reports would list how many homes sold, how many went to qualified first-look buyers, how many went to institutional investors, the pricing method used, and each sale's ratio of price to fair market value. Each entity's Inspector General would also annually review prior-year covered-property sales, report results to Congress, and publish the report.
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Sponsors & CoSponsors
Sponsor
Rep. Harrigan, Pat [R-NC-10]
NC • R
Cosponsors
Riley (NY)
NY • D
Sponsored 1/7/2026
Rep. Vasquez, Gabe [D-NM-2]
NM • D
Sponsored 1/30/2026
Rep. Barrett, Tom [R-MI-7]
MI • R
Sponsored 1/30/2026
Del. Moylan, James C. [R-GU-At Large]
GU • R
Sponsored 2/9/2026
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 2/9/2026
Rep. McDonald Rivet, Kristen [D-MI-8]
MI • D
Sponsored 2/10/2026
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 2/10/2026
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 2/12/2026
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 2/23/2026
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 3/5/2026
Roll Call Votes
No roll call votes available for this bill.
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