# 119-hr-10084: First Time Homebuyer Debt Reduction Act

119-hr-10084, First Time Homebuyer Debt Reduction Act, is a 119th Congress bill sponsored by Rep. Crank, Jeff [R-CO-5] (R-CO); status introduced; PRIA reads it as touching household money (as of 2026-08-22).

- Canonical: https://policyrisk.com/legislation/119-hr-10084
- As of: 2026-08-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10084
- Congress: 119
- Title: First Time Homebuyer Debt Reduction Act
- Status: introduced
- Introduced: 2026-08-13
- Sponsor: Rep. Crank, Jeff [R-CO-5] (R-CO)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-22

## Summary

**Reclassifying student-loan payments in new home sales as a capped financial concession.** This bill would require the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac to treat interested-party payments toward a buyer's student loans for a newly constructed principal residence under a two-tier classification.

## Provisions PRIA read

- Cap on student loan payments for homebuyers: mixed, high. If enacted, the FHFA Director would require Fannie Mae and Freddie Mac to classify certain third‑party student‑loan payments in a new way. A "covered payment" would be a payment toward a Title IV student loan made by an interested party to the buyer of a newly constructed principal residence. Up to…

## Related bills

- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-471: Fix Our Forests Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7613: ALERT Act
- 119-hr-4075: Fire Weather Development Act of 2025
- 119-hr-1163: Prove It Act

## Sources
- [119-hr-10084 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10084)

## Related
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-471: Fix Our Forests Act](https://policyrisk.com/legislation/119-hr-471)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-4075: Fire Weather Development Act of 2025](https://policyrisk.com/legislation/119-hr-4075)
- [119-hr-1163: Prove It Act](https://policyrisk.com/legislation/119-hr-1163)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10084 (as of 2026-08-22).