This bill establishes a new independent council within the executive branch called the United States Interagency Council on Housing Affordability and Preservation to coordinate federal efforts on affordable housing. The council will be composed of heads from twenty-one different federal agencies, including HUD, the Department of Justice, and the Department of Labor, who will meet at least four times a year to develop a national strategic plan and review housing programs. Its main duties involve creating a unified strategy to increase affordable housing supply, providing technical assistance to states and local governments, and reporting annually to the President and Congress on housing needs and federal actions. The legislation also encourages states to form their own interagency councils and authorizes $4.8 million per year through 2031 to fund the council's operations.
This bill requires the Secretary of Housing and Urban Development to conduct automated assessments of housing damage and economic recovery needs within 60 days of a major disaster declaration and every three months thereafter. Using existing federal data, the Secretary must identify specific shortages in affordable housing and infrastructure to determine how Community Development Block Grant Disaster Recovery funds can best address unmet needs. The results of this analysis must be reported to Congress to guide the allocation of disaster relief resources.
The Build American Efficiency Act allows the Department of Housing and Urban Development to accept a specific industry standard, known as the Make It American Process Standard, as valid proof that construction materials meet domestic content requirements. This change directly affects recipients of federal housing funds by providing an additional, recognized method to certify that their projects comply with Buy America rules. The bill does not force anyone to use this new standard, nor does it ban the use of other existing certification methods, but it does give the Secretary of Housing and Urban Development the option to accept similar standards if they offer a clear way to verify domestic content.
The Make the American Dream Real Again Act creates a new tax credit for homeowners who sell their primary residence to a first-time buyer. This provision allows the seller to claim a refundable credit equal to the lower of the money they spent helping the buyer purchase the home or the amount of tax they would save by excluding the sale gain from their income. The bill defines a first-time homebuyer as someone who has not owned a principal residence in the two years prior to the transaction and covers expenses such as down payments, inspections, and closing costs. These changes are scheduled to take effect for taxable years beginning after December 31, 2026.
This joint resolution seeks to overturn a Bureau of Consumer Financial Protection rule that removed protections for home sales financed under contracts for deed. If passed, the bill would restore the previous regulations requiring clearer disclosure of loan terms for these specific types of real estate transactions. The measure directly affects lenders and borrowers involved in contract for deed arrangements by reinstating federal oversight on how these loans are structured and advertised. Essentially, it aims to keep existing consumer safeguards in place rather than allowing the agency to eliminate them.
The Vacancy to Value Act of 2026 directs the General Services Administration to run a five-year pilot program selling or transferring underused federal properties to entities that commit to specific community benefits like affordable housing and job creation. These sales may occur at prices below fair market value, provided buyers submit a redevelopment plan and begin construction within five years, with the government retaining the right to reclaim the property if these conditions are not met. Additionally, the bill establishes a competitive grant program administered by the Department of Housing and Urban Development to fund predevelopment work, construction, and infrastructure for projects led by local governments, nonprofits, and community land trusts. Priority consideration for both property transfers and grants is given to projects that create affordable housing or serve low-income and historically underserved communities, with recipients required to submit annual reports on their progress and impact.
This bill modernizes housing assistance programs for Native American tribes and Native Hawaiians by streamlining environmental reviews, extending funding authorization through 2032, and expanding loan guarantee options. Key provisions include consolidating environmental review requirements to reduce paperwork for tribes, allowing 99-year leasehold interests on trust lands for housing, and creating new rental assistance specifically for homeless or at-risk Native American veterans. The legislation also clarifies rent rules, waives certain housing counseling certifications for tribal entities, exempts tribal housing projects from some federal civil rights and Buy America requirements, and establishes a direct loan guarantee process for tribal housing projects.
This bill, titled the HOPE for Homeownership Act, imposes a 15 percent excise tax on hedge funds that purchase single-family homes with 1 to 4 units. The tax applies to any hedge fund taxpayer that manages at least $50 million in assets and acquires a majority ownership interest in such residential properties. Additionally, the legislation disallows mortgage interest deductions and depreciation for hedge funds that rent or lease these homes, while also reducing their eligibility for certain business income tax benefits. These tax changes are designed to discourage institutional investors from buying residential properties for investment purposes.
This bill, titled the Homes for American Families Act, would amend the Sherman Antitrust Act to prohibit large investment entities from buying residential homes. It targets real estate investment trusts, insurance companies, and investment funds managing at least $150 million in assets, while exempting homebuilders and developers who construct homes for individual buyers. The law would treat such purchases as antitrust violations, though only civil penalties would apply rather than criminal ones. Additionally, the Department of Justice would be directed to prioritize investigating coordinated vacancy or pricing strategies by these large investors in local housing markets. The restrictions would only apply to purchases made after the bill is enacted.
HR 2679, the Cool Roof Rebate Act of 2025, creates a federal program providing rebates to low-income households for installing highly reflective roofing products that reduce home cooling costs. Eligible households must have incomes below 200% of their ZIP code’s median income and reside in areas ranked in the top 25% for heat vulnerability by the CDC. Rebates range from $0.25 to $0.75 per square foot, depending on roof type (low-sloped or steep-sloped) and the product’s ability to reflect sunlight and emit heat, as measured by standardized testing. The program runs from 2026 through 2030 with $25 million annually allocated for rebates, requiring participants to report on roof types and products used.