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Housing Affordability Act: Tax Credits for Homebuyers, Renters, and Construction.

This legislation introduces major tax credits aimed at making housing more affordable for citizens, covering first-time purchases, rental costs, and new construction. These housing initiatives are funded by permanently canceling over $175 billion previously allocated for border infrastructure and immigration enforcement activities. The changes directly impact personal finances by offering significant tax relief for housing expenses.
Key points
First-Time Homebuyer Credit: A new tax credit up to $25,000 (up to $50,000 for first-generation buyers) for down payments and closing costs, subject to income limits.
Renter Tax Credit: Individuals paying rent exceeding 30% of their income can claim a refundable tax credit, available via monthly advance payments.
Immigration Funding Rescission: Over $175 billion previously designated for border wall construction, CBP personnel, detention capacity, and other enforcement activities is permanently canceled.
Construction Incentives: New tax credits are established to encourage the construction of small starter homes and the conversion of commercial buildings into affordable rental housing.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6390
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2025-12-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Make Housing Affordable and Defend Democracy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6390.

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 2025-12-03.

What are the main provisions?

Key points include:

  • First-Time Homebuyer Credit: A new tax credit up to $25,000 (up to $50,000 for first-generation buyers) for down payments and closing costs, subject to income limits.
  • Renter Tax Credit: Individuals paying rent exceeding 30% of their income can claim a refundable tax credit, available via monthly advance payments.
  • Immigration Funding Rescission: Over $175 billion previously designated for border wall construction, CBP personnel, detention capacity, and other enforcement activities is permanently canceled.
  • Construction Incentives: New tax credits are established to encourage the construction of small starter homes and the conversion of commercial buildings into affordable rental housing.
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. Gomez, Jimmy [D-CA-34].

What is the latest detailed status?

The latest detailed status is: Introduced in House

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 Taxes Migration