Congress·In Committee·H.R. 7216

Congress Proposes $5,000 Tax Credit for Americans Buying a New Home

Make American Housing Affordable (MAHA) Act of 2026

about 2 months ago·View on Congress.gov

Legislative Progress

House

Senate

President

Law

Key Points

This bill, introduced by Congress, would create a new tax credit called the Housing Affordability Credit to help people with the costs of buying a home.
Single people who buy a home to live in would get a $5,000 credit on their taxes, while married couples filing together would receive $10,000.
To qualify, you must not have used this specific tax credit in the four years before your new home purchase.
The full credit is available to individuals making up to $250,000 or couples making up to $500,000, with the amount decreasing for those who earn more.
This plan aims to make homeownership more reachable for middle-class families facing high housing prices across the country.

HousingTaxes

Impact Analysis

Personal Impact

Who is affectedScoreImpactCertaintyScopeDurationSentiment

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions

Jan 22, 2026House

Referred to the House Committee on Ways and Means.

Jan 22, 2026

Introduced in House

Related News

3 articles

WRNJ Radio·about 2 months ago

Kean introduces bill creating housing affordability tax credit for homebuyers

Rep. Tom Kean Jr. introduced the Make American Housing Affordable (MAHA) Act, offering a federal tax credit of up to $10,000 for homebuyers. The bill provides a $5,000 credit for individuals and $10,000 for joint filers earning under specific income thresholds to help offset rising housing costs.

National Mortgage Professional·about 2 months ago

Home Affordability Hits Six-Month Peak as New Credits Proposed

While mortgage rates have improved, housing affordability remains a challenge. New legislative proposals like the Housing Affordability Credit in the MAHA Act of 2026 aim to provide direct relief to buyers through tax credits of up to $10,000, signaling a potential shift in federal housing policy.

C+

Brownstein Hyatt Farber Schreck·about 2 months ago

Diverging Paths on Health Care and Housing Affordability: Inside the GOP Plans

A new Republican roadmap for 2026 reconciliation highlights several introduced bills, including the MAHA Act, which focuses on homeownership and tax credits. The framework aims for significant deficit reduction while permanently codifying tax incentives for middle-class families.

Source Information

Document Type

Congressional Bill

Official Title

Make American Housing Affordable (MAHA) Act of 2026

Bill NumberHR 7216

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(1)

R: 1

Data Sources

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.