Sen. Warren Introduces Bill to Fund Massive Housing Expansion by Raising Taxes on Multi-Million Dollar Estates
Grant funds can be used to modernize, renovate, and repair public schools and public colleges, including improvements that promote accessibility and meet green building standards. This is a secondary use of housing grant funds but could benefit students in communities that receive the local housing innovation grants.
“modernize, renovate, or repair facilities used by public elementary schools, public secondary schools, and public institutions of higher education”
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Steve Forbes argues against the bipartisan housing bill, claiming its provisions to ban institutional investors and incentivize dense development vastly extend federal power into local markets. He warns that the bill could lead to rent controls and other market-distorting policies.
Senators Warren and Merkley introduced the American Homeownership Act to end corporate tax breaks for bulk housing purchases. Warren noted this complements her broader housing supply reforms, aiming to stop Wall Street from snapping up homes and jacking up rents for families.
Lawmakers introduced the Innovation Fund Act, a component of the American Housing and Economic Mobility Act, to reward communities that increase housing supply. The bill provides competitive grants for local governments that eliminate restrictive zoning and promote dense development.
Document Type
Congressional Bill
Official Title
American Housing and Economic Mobility Act of 2025
Analysis generated by AI. Always verify with official sources.