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New Loan Program for Small Businesses Building Build-to-Rent Housing.

This Act establishes the five-year "505 Pilot Program" under the Small Business Administration (SBA) to provide specialized loans to small businesses focused on developing and managing multi-family rental housing. By easing standard loan requirements, the program aims to boost the construction and renovation of rental properties. The ultimate goal is to increase the supply of available rental units for citizens.
Key points
Up to $3 billion annually (starting FY 2028) will be allocated for loans to support the construction of new housing intended solely for renting.
Small businesses developing rental housing will gain easier access to federal funding by being exempt from typical job creation mandates and leasing restrictions.
All funded projects must create at least one additional dwelling unit, directly increasing the overall housing supply.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6328
Sponsor: Rep. Vindman, Eugene Simon [D-VA-7]
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Main Street Home Builders Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6328.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Up to $3 billion annually (starting FY 2028) will be allocated for loans to support the construction of new housing intended solely for renting.
  • Small businesses developing rental housing will gain easier access to federal funding by being exempt from typical job creation mandates and leasing restrictions.
  • All funded projects must create at least one additional dwelling unit, directly increasing the overall housing supply.
What is the specific legal status?

The current status is Introduced.

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. Vindman, Eugene Simon [D-VA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Real Estate Economy