Bill · H.R. 9461· House(119-HR-9461)
Working Families Home Construction Act of 2026
- Introduced
- 6/25/2026
- Last activity
- 6/25/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Scott Fitzgerald
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The bill is known as the Working Families Home Construction Act of 2026. It directs the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to buy and securitize qualifying residential construction loans. These loans are meant to help build owner-occupied homes for families with specific income levels. The text sets strict limits on loan amounts, project uses, and buyer residency requirements. It also reallocates specific percentages of existing enterprise funding sources to support these construction loans.
Yes· 3 of 15
Does this make housing cost less?+6
The bill directly aids the construction of owner-occupied homes for families earning between 90 percent and 130 percent of the area median income.
Would middle-income households be better off under this?+5
The legislation specifically targets households with incomes between 90 percent and 130 percent of the area median income.
Would people in their twenties and thirties be better off under this?+4
Younger adults looking to purchase their first home within the specified median income range can benefit from increased housing supply.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Section 2(b)(5) and Section 2(b)(9) could help families whose income is between 90 percent and 130 percent of the area median income by providing newly constructed owner-occupied dwelling units.
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Section 2(b)(8) allows loan funds to be used for acquiring land, professional services, developing infrastructure, constructing dwelling units, developer incentives, and municipal fees and permits, which helps ensure that all necessary steps of a homebuilding project can receive financial support.
Potential Negative Impacts for People
- Section 2(b)(10) requires the purchaser of a built dwelling unit to reside in the unit for not less than one year and mandates that developers include a recorded, restrictive covenant to that effect, which places a legal residency restriction on the homebuyer.
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+5Good For Business Owners+4Good For Young Adults+4Good For Children+3Good For Middle Aged+3Good For Rural Residents+2Good For Urban Residents+2
- Economy And Finance
- Improves Small Business Support+4Increases Job Creation+4Improves Economic Growth+3
- Social Issues And Justice
- Improves Affordable Housing+6Reduces Homelessness+2
- Environment Energy And Infrastructure
- Improves Roads And Bridges+3Improves Rural Development+3
- Governance And Ideology
- Increases Federal Power+2
- 6/25/2026
- Referred to the House Committee on Financial Services.
- Introduced in House