# 119-hr-7414: Affordable Housing Bond Enhancement Act 119-hr-7414, Affordable Housing Bond Enhancement Act, is a 119th Congress bill sponsored by Rep. Yakym, Rudy [R-IN-2] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-09-21). - Canonical: https://policyrisk.com/legislation/119-hr-7414 - As of: 2026-09-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-hr-7414 - Congress: 119 - Title: Affordable Housing Bond Enhancement Act - Status: introduced - Introduced: 2026-02-09 - Sponsor: Rep. Yakym, Rudy [R-IN-2] (R-IN) - Cosponsors: 2 - Policy area: Taxation - Touches household money: yes - Last recorded action: 2026-09-21 ## Summary **Expand housing financing through mortgage revenue bonds (MRBs) and mortgage credit certificates (MCCs).** This bill would modernize MRB and MCC rules to give states more flexible bond authority, ease some refinancings, raise home‑improvement loan limits, and cut certain administrative steps to speed housing finance. - Homeowners and prospective buyers: Homeowners meeting principal‑residence and income rules could access MRB refinancing that is treated differently under the bill. The required holding period for related recapture rules is shortened from 9 years to 5 years. - Home improvement borrowers: The cap for qualified home‑improvement loans rises from $15,000 to $75,000 and the limit is set to increase with inflation in future years. - State housing authorities and lenders: States gain more flexible use and intra‑state transfers or redesignations of unused bond carryforwards. Treasury must provide annual electronic reports to congressional committees, MCC public‑notice windows shrink from 90 days to 30 days, and the lender reporting requirement is removed. ## Cosponsors (2) - Rep. Moore, Gwen [D-WI-4] (D-WI), 2026-02-09T00:00:00.000Z - Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-05-07T00:00:00.000Z ## Provisions PRIA read - Higher home improvement loan limit: benefit, high. This bill would raise the limit for qualified home improvement loans from $15,000 to $75,000. The $75,000 amount would be indexed for inflation for calendar years beginning after 2026, using the usual cost‑of‑living adjustment with 2024 as the base. Any increase that is not a multiple of $100 would… - Easier refinancing for MRB homeowners: benefit, medium. This bill would allow a mortgage revenue bond (MRB) homeowner to refinance without treating that refinance as a new acquisition if, at refinancing, the borrower meets the principal‑residence and income rules. For eligible refinances, the rules that normally limit refinancing would not apply and the… - Earlier tax recapture for mortgage bonds: cost, high. This bill would shorten the holding period for mortgage revenue bond (MRB) tax recapture from nine years to five years. Recapture would be calculated on a 5‑year schedule: 20% in year 1, 40% in year 2, 60% in year 3, 80% in year 4, and 100% in year 5. If federally subsidized indebtedness is fully r… - More predictable mortgage tax credits: mixed, high. This bill would set mortgage credit certificate (MCC) rates between 1% and 5% and allow issuers to pick a different rate for each year of the mortgage. It would also change how certain MCC limits are calculated by using the fourth year rather than the second year for nonissued bond references. Issu… - Faster reporting and state bond flexibility: mixed, medium. This bill would let states transfer or redesignate unused bond carryforwards within the State for housing uses and allow some bonds issued within three years to be excluded from volume caps up to the carryforward amount. It would require Treasury to report annually to specified Congressional commit… ## Related bills - 119-hr-9877: Health Equity and Accountability Act of 2026 - 119-hr-4669: FEMA Act of 2025 - 119-hr-2725: Affordable Housing Credit Improvement Act of 2025 - 119-hr-6900: American Affordability Act of 2025 - 119-hr-4206: CONNECT for Health Act of 2025 - 119-hr-3151: SHIPS for America Act of 2025 ## Sources - [119-hr-7414 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7414) ## Related - [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877) - [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669) - [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725) - [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900) - [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206) - [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-hr-7414 (as of 2026-09-21).