Bill · H.R. 7414· House(119-HR-7414)
Affordable Housing Bond Enhancement Act
- Introduced
- 2/9/2026
- Last activity
- 2/9/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Rudy Yakym
- Cosponsors
- - 0 - 2
- Introduced
- In Committee
What this bill would do
The Affordable Housing Bond Enhancement Act aims to expand housing investment by amending the Internal Revenue Code of 1986. This bill modifies several provisions related to mortgage revenue bonds and mortgage credit certificates. It includes changes to bond carryforward authority, refinancing limitations, and financing limits for home improvements. Additionally, the legislation adjusts the recapture tax for mortgage revenue bonds and modifies how interest credits are calculated. It also extends certain time periods for mortgage credit certificates and adjusts public notice requirements.
Yes· 3 of 6
Does this make housing cost less?+5
The bill expands housing investment through increased financing limits for home improvements and more flexible mortgage refinancing.
Would middle-income households be better off under this?+4
The bill increases financing limits for home improvements and provides more flexibility for mortgage refinancing.
Would households on low incomes be better off under this?+3
The expansion of mortgage-related tools and higher home improvement limits can benefit lower-income homeowners.
The opposite
Does this make what the government does easier for the public to see?-1
The bill increases the detailed reporting requirements that the Secretary must submit to congressional committees.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Home Improvement Funding: The bill increases the financing limit for qualified home improvement loans from $15,000 to $75,000, with future annual inflation adjustments (Section 5).
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Easier Refinancing for Homeowners: The act eliminates the refinancing limitation for certain mortgagors who meet specific residence and income requirements (Section 4).
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Improved Bond Carryforward Flexibility: Issuing authorities are granted the ability to transfer carryforwards to other issuing authorities within the same State (Section 3).
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Revised Recapture Tax: The bill adjusts the holding period percentage for the recapture tax, reducing the period from 9 years to 5 years (Section 6).
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Adjusted Credit Calculations: The bill modifies the calculation for the credit for interest paid on certified indebtedness (Section 7).
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Extended Certificate Periods: The period for mortgage credit certificates to be in effect is extended from the second to the fourth year (Section 8).
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Faster Public Notice: The public notice requirement is reduced from 90 days to 30 days (Section 10).
Potential Negative Impacts for People
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New Reporting Requirements: The Secretary is required to submit detailed annual reports to various Congressional committees regarding State bond ceilings, carryforwards, and private activity bonds (Section 2).
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State Authority to Restrict Transfers: States may use the law to prohibit, limit, or direct the transfer or redesignation of carryforwards by issuing authorities (Section 3).
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+4Good For Low Income Households+3
- Social Issues And Justice
- Improves Affordable Housing+5Improves Poverty Reduction+2
- Economy And Finance
- Reduces Middle Class Taxes+3Improves Economic Growth+2
- Governance And Ideology
- Improves Government Transparency-1
- 5/7/2026
- 1 Cosponsor added.
- 2/9/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Gwen MooreDemocrat · Wisconsin
Eugene VindmanDemocrat · Virginia