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119-hr-6328119th CongressWALLET

Main Street Home Builders Act of 2025

Sponsored By: Representative Vindman, Eugene Simon [D-VA-7]

Introduced

Summary

SBA-backed lending for build-to-rent multifamily housing would be launched through a temporary 505 Pilot Program to help small builders finance construction, renovation, expansion, and management of rental housing. The pilot creates a targeted loan program that changes some title V rules to speed projects that add housing supply.

Show full summary
  • Families and renters: Could see more rental units because projects that build or renovate must create at least one additional dwelling unit beyond what existed before.
  • Small builders and covered businesses: Small business concerns that construct and manage build-to-rent housing would become eligible for these loans and would not be treated as speculative or passive businesses for the pilot.
  • Lenders and program rules: Lenders would use title V loan procedures but must verify borrowers are end users with a proven track record and adequate assets. The pilot authority would end five years after enactment.

*Would authorize up to $12.0 billion in SBA loan authority for the pilot across FY2026–FY2030, increasing federal lending exposure under title V.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

SBA pilot loans for small rental developers

If enacted, the SBA would run a five-year pilot for build-to-rent projects. Loans would go through State development companies to small firms that both build and manage rentals. Projects would follow current SBA loan processes but skip job-creation targets and some leasing limits. Lenders would have to vet track record, assets, and that the firm is the end user. Each project must add at least one new dwelling unit. Caps: $1 billion (FY2026), $2 billion (FY2027), and $3 billion (FY2028–FY2030). Participants would not be treated as passive or speculative businesses.

Sponsors & CoSponsors

Sponsor

Vindman, Eugene Simon [D-VA-7]

VA • D

Cosponsors

  • Rep. Bresnahan, Robert P. [R-PA-8]

    PA • R

    Sponsored 11/28/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 1/6/2026

Roll Call Votes

No roll call votes available for this bill.

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