First-Time Homebuyer Affordability Act
Sponsored By: Representative LaHood, Darin [R-IL-16]
Introduced
Summary
Would exempt qualified mortgage bonds from the volume cap. This bill would let more tax-exempt private activity bonds be issued to finance mortgages targeted at first-time homebuyers. The change would apply to obligations issued after enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More mortgage bonds for first-time buyers
If enacted, this bill would make qualified mortgage bonds exempt from the usual private activity volume cap. State and local issuers would be able to issue those bonds without the cap. That would increase the supply of mortgage funding aimed at first-time homebuyers and would likely lower borrowing costs or increase access. The change would apply only to bonds issued after the date of enactment.
Sponsors & CoSponsors
Sponsor
LaHood, Darin [R-IL-16]
IL • R
Cosponsors
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 8/10/2026
Rep. Moore, Blake D. [R-UT-1]
UT • R
Sponsored 8/10/2026
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 8/10/2026
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 9/3/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov