# 119-hr-10833: Doorway to the American Dream Act

119-hr-10833, Doorway to the American Dream Act, is a 119th Congress bill sponsored by Rep. Thanedar, Shri [D-MI-13] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-10-21).

- Canonical: https://policyrisk.com/legislation/119-hr-10833
- As of: 2026-10-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10833
- Congress: 119
- Title: Doorway to the American Dream Act
- Status: introduced
- Introduced: 2026-10-15
- Sponsor: Rep. Thanedar, Shri [D-MI-13] (D-MI)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-21

## Summary

**Creates a new insured mortgage program to cut borrowing costs for lower- and middle-income first-time homebuyers.** The Doorway to the American Dream Act would offer high‑LTV, capped‑rate loans with federal monthly interest subsidies for eligible borrowers who meet income and counseling rules. - Families and first-time buyers: Would let households earning below 160% of area median access insured loans if they complete an approved counseling program. Interest on loans would be capped at 3.5% and loans would have terms up to 30 years. - Mortgage lenders: Would get monthly interest‑rate subsidies that cover the gap between the lender rate and income‑based benchmarks. Lenders would also pay an initial premium of 1% and an annual premium of 0.35% and receive legal protections like incontestability for approved mortgages. - High‑cost areas and green homes: Loan size limits would track area median prices and existing Federal Home Loan Mortgage Corporation caps, including a principal cap set at up to 115% of area median. The insured amount may be increased by up to 20% for added solar systems. *This bill would increase federal spending by authorizing up to $5.0 billion in annual appropriations and by creating ongoing interest‑rate subsidy payments to mortgagees.*

## Provisions PRIA read

- New mortgage help for first-time buyers: mixed, high. If enacted, HUD would create a new insured mortgage program for first-time buyers and households with income under 160% of area median income. Loans would allow up to 96.5% loan-to-value, a fully amortizing 30-year term, and a contract interest cap of 3.5% per year. HUD would pay a monthly interest…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-2945: Housing for All Act of 2025

## Sources
- [119-hr-10833 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10833)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2945: Housing for All Act of 2025](https://policyrisk.com/legislation/119-hr-2945)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10833 (as of 2026-10-21).