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Affordable Housing Bond Enhancement Act: Expanding Mortgage and Home Improvement Access

This Act makes it easier to obtain affordable loans for buying or renovating a home by updating mortgage bond rules. Citizens will benefit from higher limits on home improvement loans and a shorter tax restriction period when selling their property.
Key points
Increases the limit for home improvement loans from $15,000 to $75,000, with future inflation adjustments.
Reduces the 'recapture tax' period from 9 years to 5 years for homeowners selling their subsidized property.
Allows low- and moderate-income homeowners to refinance existing mortgages using mortgage revenue bonds.
Simplifies the calculation and issuance of Mortgage Credit Certificates for tax relief on interest paid.
Shortens the public notice requirement for housing programs from 90 days to 30 days for faster implementation.
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Status: Introduced
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Additional Information
Print number: 119_HR_7414
Sponsor: Rep. Yakym, Rudy [R-IN-2]
Process start date: 2026-02-09
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
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 119_HR_7414.

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 2026-02-09.

What are the main provisions?

Key points include:

  • Increases the limit for home improvement loans from $15,000 to $75,000, with future inflation adjustments.
  • Reduces the 'recapture tax' period from 9 years to 5 years for homeowners selling their subsidized property.
  • Allows low- and moderate-income homeowners to refinance existing mortgages using mortgage revenue bonds.
  • Simplifies the calculation and issuance of Mortgage Credit Certificates for tax relief on interest paid.
  • Shortens the public notice requirement for housing programs from 90 days to 30 days for faster implementation.
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. Yakym, Rudy [R-IN-2].

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 2026-02-12.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Taxes Economy