# 119-hr-7400: Making Homeownership Affordable Again Act

119-hr-7400, Making Homeownership Affordable Again Act, is a 119th Congress bill sponsored by Rep. Mace, Nancy [R-SC-1] (R-SC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7400
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7400
- Congress: 119
- Title: Making Homeownership Affordable Again Act
- Status: introduced
- Introduced: 2026-02-05
- Sponsor: Rep. Mace, Nancy [R-SC-1] (R-SC)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would fully remove the dollar cap on the tax exclusion for gains from selling a principal residence and extend that full exclusion to sales made to first-time homebuyers.** It changes the Internal Revenue Code so qualifying sellers can exclude all gain rather than an amount limited by current law. - Home sellers: Sellers of a principal residence would be able to exclude the entire gain from taxation because the bill eliminates the existing dollar limit on that exclusion. This affects any qualifying sale of a principal residence. - Sales to first-time homebuyers: Sellers who sell a residence to a defined first-time homebuyer would also be eligible for the full exclusion. The bill defines a first-time homebuyer as an individual, and if married that individual's spouse, who had no present ownership interest in a principal residence during the three-year period ending on the sale. - Tax-code mechanics and timing: The proposal amends multiple parts of section 121 to preserve internal consistency and says these changes would apply to sales and exchanges made after enactment.

## Cosponsors (1)

- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2026-02-05T00:00:00.000Z

## Provisions PRIA read

- No dollar cap on home-sale gains: benefit, high. If enacted, this bill would remove the dollar limit on the tax exclusion for gain when you sell your main home. It would also let you exclude gain when you sell a residence to a "first-time homebuyer." A "first-time homebuyer" would be someone (and that person's spouse) who owned no principal resid…

## Related bills

- 119-hr-4706: Protecting Our Farms and Homes from China Act
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-740: Veterans’ ACCESS Act of 2025
- 119-hr-7213: Safeguarding Benefits for Americans Act of 2026
- 119-hr-5106: Restore Trust in Congress Act
- 119-hr-5592: Childhood Genital Mutilation Prevention Act

## Sources
- [119-hr-7400 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7400)

## Related
- [119-hr-4706: Protecting Our Farms and Homes from China Act](https://policyrisk.com/legislation/119-hr-4706)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-740: Veterans’ ACCESS Act of 2025](https://policyrisk.com/legislation/119-hr-740)
- [119-hr-7213: Safeguarding Benefits for Americans Act of 2026](https://policyrisk.com/legislation/119-hr-7213)
- [119-hr-5106: Restore Trust in Congress Act](https://policyrisk.com/legislation/119-hr-5106)
- [119-hr-5592: Childhood Genital Mutilation Prevention Act](https://policyrisk.com/legislation/119-hr-5592)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7400 (as of 2026-04-21).