Make Housing Affordable and Defend Democracy Act
House Bill Would Offer Up to $50K in First-Time Homebuyer Credits While Cutting Border Funds
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Cuts and repeals a large set of unspent federal immigration enforcement funds, including money for border infrastructure, detention, staffing, and related programs.
- Creates a new tax credit for first-time homebuyers worth up to $25,000, with up to $50,000 for some “first-generation” homebuyers; higher-income households get less or none.
- Lets eligible first-time buyers choose an “advance” option so money can be sent into an escrow account for down payment or closing costs, instead of waiting for a tax refund.
- Creates tax credits for building small starter homes and for converting older commercial buildings into affordable apartments, with stronger incentives in certain high-need areas.
- Creates a renter tax credit for people whose rent is over 30% of their income, with the biggest help for people earning $100,000 or less, and sets up optional monthly advance payments. أيضا includes $50,000,000 for outreach so eligible renters know how to sign up.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, Homeland Security, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
CT federal lawmaker backs measure aimed at 'cost-of-living crisis.' What it aims to do
Rep. John B. Larson joined other Democrats in backing the Make Housing Affordable and Defend Democracy Act. The measure aims to address the cost-of-living crisis by expanding affordable housing and cutting taxes for working families using redirected immigration enforcement funds.
Rep. Gomez Introduces Bill to Redirect Funds From Immigration Enforcement to Housing
Rep. Jimmy Gomez's proposal would redirect $175 billion from immigration enforcement to housing affordability programs. The bill includes a monthly rent tax credit for families spending over 30% of income on rent and down payment assistance for first-generation homebuyers.
Source Information
Document Type
Congressional Bill
Official Title
Make Housing Affordable and Defend Democracy Act
Data Sources
Sponsor
Cosponsors
(79)Analysis generated by AI. Always verify with official sources.