Bill · H.R. 7755· House(119-HR-7755)
Housing for Our Hometown Heroes Act
- 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
This bill, titled the "Housing for Our Hometown Heroes Act," directs the Secretary of Housing and Urban Development to submit a report to Congress. The report must examine the feasibility of exempting first-time homebuyers who are first responders or school teachers from any cash investment required for mortgage insurance under the Federal Housing Administration. This includes studying the costs, impacts on the mutual mortgage insurance fund, and how such a program might remain solvent. The Secretary is also required to consult with the Secretary of Veterans Affairs regarding the report. If the program is found not to be feasible, the Secretary must provide alternative recommendations.
Yes· 3 of 6
Does this make housing cost less?+5
The bill directs a study on exempting first-time homebuyers who are teachers or first responders from mortgage insurance downpayment requirements to facilitate homeownership.
Would middle-income households be better off under this?+4
The proposed program aims to assist teachers and first responders in achieving homeownership by reducing initial costs.
Would households on low incomes be better off under this?+3
The bill explores reducing the upfront cash investment needed for first-time homebuyers, which can benefit those with lower savings.
The opposite
Does this make the government pay for what it commits to?-1
The bill requires a study on how to maintain the solvency of the mutual mortgage insurance fund through various fee structures.
Who it would affect, and how
Potential Positive Impacts for People
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Assistance for First Responders and School Teachers: The bill explores a program that could exempt these specific groups from cash investments required for mortgage insurance (Section 2.a). This could potentially make it easier for full-time law enforcement, firefighters, paramedics, or pre-K through 12 teachers to purchase a home (Section 2.c).
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Alternative Support Solutions: If the primary zero-downpayment program is deemed not feasible, the Secretary is tasked with providing recommendations for similar solutions or alternative program designs to support these same groups (Section 2.a.6).
Potential Negative Impacts for People
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Impact on Mortgage Insurance Funds: The bill notes that the report must consider the "cost of such a program and impact on the mutual mortgage insurance fund" (Section 2.a.2). This suggests there could be financial implications or burdens on the fund itself.
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Requirement of Fees: To keep such a program solvent, the report must look into using "upfront fees" or a "combination of upfront and annual fees" (Section 2.a.3). This implies that the program could result in additional costs for the individuals involved.
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+3Good For Veterans+2Good For Urban Residents+1
- Social Issues And Justice
- Improves Affordable Housing+5
- National Security And Foreign Policy
- Improves Veterans Benefits+2
- Economy And Finance
- Improves Fiscal Responsibility-1
- 3/3/2026
- Referred to the House Committee on Financial Services.
- Introduced in House