Housing: Removing Limits on Mortgage Bonds for First-Time Buyers
To amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes.
This bill is in the House Committee on Ways and Means where it has not moved since August 10, 2026. The committee members must review the proposal before it can move forward to the full House for a vote. Most bills do not receive a committee vote and often stall at this stage.
The bill has bipartisan support and addresses a popular issue, but it was introduced late in the session and faces a busy legislative calendar.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Small manufacturing and exempt-facility bonds also draw from the same state volume cap as mortgage bonds. With mortgage bonds no longer counted against that cap, more capacity could be freed up for these business-related bond categories in states that were previously constrained.
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Representatives Darin LaHood and Blake Moore introduced the First-Time Homebuyer Affordability Act (H.R. 10075) to remove mortgage revenue bonds from the private activity bond cap, allowing states to offer lower-interest mortgages to qualified families while preserving resources for rental housing.
The bill would exempt qualified mortgage bonds from the Private Activity Bond (PAB) cap, potentially freeing up additional cap for multifamily housing. In 2023, single-family PABs accounted for over $9 billion of the total volume issued.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
To amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes.
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