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Easier Housing and Home Improvement Financing: New Mortgage Bond Rules

This bill aims to simplify access to home purchase and improvement financing by amending mortgage bond regulations. Citizens may benefit from increased refinancing options and higher limits for home improvement loans, potentially lowering housing costs and improving living conditions.
Key points
Easier mortgage refinancing: removal of limitations for individuals meeting income and residency requirements.
Higher limits for home improvement loans: increase from $15,000 to $50,000, with annual inflation adjustment.
Shorter recapture tax period: reduction of the period for potential tax on home sale gains from 9 to 5 years.
Greater flexibility for local authorities: ability to transfer and reallocate unused bond funds for housing purposes.
Changes to mortgage interest tax credits: new calculation rules and extended validity period.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_8184
Sponsor: Rep. Moore, Gwen [D-WI-4]
Process start date: 2022-06-22
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable Housing Bond Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8184.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-06-22.

What are the main provisions?

Key points include:

  • Easier mortgage refinancing: removal of limitations for individuals meeting income and residency requirements.
  • Higher limits for home improvement loans: increase from $15,000 to $50,000, with annual inflation adjustment.
  • Shorter recapture tax period: reduction of the period for potential tax on home sale gains from 9 to 5 years.
  • Greater flexibility for local authorities: ability to transfer and reallocate unused bond funds for housing purposes.
  • Changes to mortgage interest tax credits: new calculation rules and extended validity period.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moore, Gwen [D-WI-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Real Estate Taxes Public Investments