# 115-hr-7262: American Housing and Economic Mobility Act of 2018

115-hr-7262, American Housing and Economic Mobility Act of 2018, is a 115th Congress bill sponsored by Rep. Richmond, Cedric L. [D-LA-2] (D-LA); status Referred to the Subcommittee on Highways and Transit. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-7262
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-7262
- Congress: 115
- Title: American Housing and Economic Mobility Act of 2018
- Status: Referred to the Subcommittee on Highways and Transit.
- Introduced: 2018-12-11
- Sponsor: Rep. Richmond, Cedric L. [D-LA-2] (D-LA)
- Cosponsors: 3
- Policy area: Housing and Community Development
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

American Housing and Economic Mobility Act of 2018 This bill addresses housing affordability and access by establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing; reauthorizing and increasing funding for various specified housing programs; establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units; establishing a down-payment assistance program; establishing a formula grant program to assist borrowers who have negative equity in their homes; expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities; expanding certain protections under the Fair Housing Act; and otherwise revising provisions related to housing assistance. The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.

## Cosponsors (3)

- ELIJAH CUMMINGS (D-MD), 2018-12-11T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2018-12-11T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2018-12-11T00:00:00.000Z

## Related bills

- 115-hr-7107: Shirley Chisholm Congressional Gold Medal Act
- 115-hr-6681: Aretha Franklin Congressional Gold Medal Act
- 115-hr-6545: Violence Against Women Reauthorization Act of 2018
- 115-hr-6505: Medicare Negotiation and Competitive Licensing Act of 2018
- 115-hr-6239: DISCLOSE Act of 2018
- 115-hr-6135: Keep Families Together Act

## Sources
- [115-hr-7262 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/7262)

## Related
- [115-hr-7107: Shirley Chisholm Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-7107)
- [115-hr-6681: Aretha Franklin Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-6681)
- [115-hr-6545: Violence Against Women Reauthorization Act of 2018](https://policyrisk.com/legislation/115-hr-6545)
- [115-hr-6505: Medicare Negotiation and Competitive Licensing Act of 2018](https://policyrisk.com/legislation/115-hr-6505)
- [115-hr-6239: DISCLOSE Act of 2018](https://policyrisk.com/legislation/115-hr-6239)
- [115-hr-6135: Keep Families Together Act](https://policyrisk.com/legislation/115-hr-6135)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-7262 (as of 2025-11-18).