arrow_back Back to App

Priority Access for Families to Foreclosed Homes: 180-Day Exclusive Window

This Act grants families, non-profit organizations, and local governments a 180-day exclusive window to purchase foreclosed homes (1-4 units) from specified federal entities. The goal is to ensure priority access for 'first look' buyers at fair market value. Federal entities must publish sales data and are subject to civil penalties for violations of these rules.
Key points
Establishes a 180-day period where foreclosed homes are exclusively available to individuals intending to occupy the property, non-profits, local governments, or community land trusts.
Requires properties to be sold at fair market value, determined by an independent appraisal or a standardized valuation model.
Prohibits covered entities from bundling foreclosed properties during the 180-day exclusive period.
Allows for civil penalties (the greater of $100,000 or 1/3 of the sale price) on employees of covered entities for violating the rules.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6962
Sponsor: Rep. Harrigan, Pat [R-NC-10]
Process start date: 2026-01-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Families First Housing Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6962.

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 2026-01-07.

What are the main provisions?

Key points include:

  • Establishes a 180-day period where foreclosed homes are exclusively available to individuals intending to occupy the property, non-profits, local governments, or community land trusts.
  • Requires properties to be sold at fair market value, determined by an independent appraisal or a standardized valuation model.
  • Prohibits covered entities from bundling foreclosed properties during the 180-day exclusive period.
  • Allows for civil penalties (the greater of $100,000 or 1/3 of the sale price) on employees of covered entities for violating the rules.
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. Harrigan, Pat [R-NC-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-24.

CATEGORIES

Real Estate Economy