Bill · H.R. 7753· House(119-HR-7753)
First Look for First-time Homebuyers Act of 2026
- Introduced
- 3/3/2026
- Last activity
- 3/3/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Tom Barrett
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The "First Look for First-time Homebuyers Act of 2026" aims to give first-time homebuyers priority access to certain foreclosed homes. It requires covered entities to offer these properties exclusively to first-time homebuyers for a 15-day period once they are listed. The bill establishes rules for pricing based on fair market value and requires properties to be listed on a public website. It also prohibits the bundling of covered properties during this initial period. Additionally, the act mandates regular reporting to Congress and annual reviews by Inspectors General to ensure compliance.
Yes· 3 of 6
Does this make housing cost less?+5
The bill provides first-time homebuyers with priority access to foreclosed residential properties.
Would people in their twenties and thirties be better off under this?+4
First-time homebuyers are often younger adults seeking to build equity through property ownership.
Would households on low incomes be better off under this?+4
The bill creates priority access to housing for first-time buyers, a group often seeking entry into the housing market.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Priority Access for First-Time Buyers: The bill creates a 15-day window where covered properties are only available for purchase by first-s-time homebuyers, ensuring they have a head start on foreclosed homes (Section 2(a)(1)).
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Increased Opportunity via Extensions: A covered entity can extend the 15-day window if doing so increases the likelihood of a first-time homebuyer making a purchase (Section 2(a)(2)).
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Fair Pricing Standards: Properties must be offered at a price reflecting fair market value as determined by an independent third-party appraisal or broker price opinion, which provides a standard for pricing (Section 2(b)(1)).
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Transparency in Pricing: If a covered entity uses a standardized valuation model instead of a third-party appraisal, they must publicly disclose the methodology used (Section 2(b)(2)).
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Public Information Access: Properties must be listed on a public website that shows how many days remain in the exclusive 15-day period, allowing buyers to track opportunities (Section 2(c)).
Potential Negative Impacts for People
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Pricing Uncertainty: If a covered entity cannot determine fair market value through an independent third-party appraisal or broker price opinion within 60 days, they may use a standardized valuation model instead (Section 2(b)(2)).
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Exclusion of Certain Programs: Properties involved in the "Good Neighbor Next Door Program" are specifically excluded from being considered covered properties under this act (Section 2(i)(1)(B)).
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 Low Income Households+4Good For Middle Class Households+4Good For Young Adults+4
- Social Issues And Justice
- Improves Affordable Housing+5
- Governance And Ideology
- Improves Government Transparency+4
- Economy And Finance
- Improves Consumer Protection+3
- 3/3/2026
- Referred to the House Committee on Financial Services.
- Introduced in House