Bill · H.R. 7400· House(119-HR-7400)
Making Homeownership Affordable Again Act
- Introduced
- 2/5/2026
- Last activity
- 2/5/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Nancy Mace
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Making Homeownership Affordable Again Act," proposes to amend the Internal Revenue Code of 1986. The primary goal is to exclude all gain from the sale of a principal residence. Additionally, it expands this exclusion to include any residence sold to a first-time homebuyer. The bill defines a first-time homebuyer as an individual who, along with a spouse if applicable, had no present ownership interest in a principal residence during the three years prior to the sale. These changes would apply to sales and exchanges occurring after the Act is enacted.
Yes· 3 of 10
Would middle-income households be better off under this?+7
Middle-class homeowners benefit significantly from the removal of the cap on capital gains exclusions for their homes.
Would high-income households be better off under this?+6
Wealthier homeowners with high-value principal residences benefit from the elimination of the gain exclusion cap.
Does this cut taxes for middle-income families?+6
The bill eliminates dollar limits on capital gains exclusions for principal residences, benefiting middle-class homeowners.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Exclusion of Gain from Principal Residence Sale: Under Section 2(a), the bill eliminates dollar limitations on the exclusion of gain when a person sells their principal residence. This could benefit homeowners by allowing them to keep all gains from such a sale without the previous limits.
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Benefit for Sales to First-Time Homebuyers: Section 2(b) allows for the exclusion of gain from the sale of any residence that is sold to a first-time homebuyer. This could provide a financial advantage to sellers who are looking to move their property to individuals entering the housing market.
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+7Good For High Income Households+6Good For Seniors+5Good For Young Adults+4Good For Low Income Households+3
- Economy And Finance
- Reduces Middle Class Taxes+6Improves Economic Growth+3Reduces Small Business Taxes+2
- Social Issues And Justice
- Improves Affordable Housing+5Improves Poverty Reduction+2
- 2/5/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Lauren BoebertRepublican · Colorado