Bill · S. 1511· Senate(119-S-1511)
Affordable Housing Bond Enhancement Act
- Introduced
- 4/29/2025
- Last activity
- 10/21/2025 — Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Affordable Housing Bond Enhancement Act aims to increase housing investment by updating rules for mortgage revenue bonds. It expands how bond authority can be carried forward and transferred between issuing authorities. The bill removes certain refinancing limits for eligible homeowners and increases the financing limit for qualified home improvement loans. It also adjusts taxes and credits related to mortgage credit certificates. Finally, it establishes new reporting requirements for the Secretary to track bond usage by State.
Yes· 3 of 26
Would households on low incomes be better off under this?+6
Specifically targets affordable housing via mortgage revenue bonds and expands mortgage credit certificates.
Does this make housing cost less?+6
Increases the availability of mortgage revenue bonds and tax credits to support affordable home ownership.
Would middle-income households be better off under this?+5
Provides significant increases in financing limits for home improvements and easier refinancing.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Home Improvement Funding: Section 5 increases the financing limit for qualified home improvement loans from $15,000 to $75,000 and adds an inflation adjustment for years after 2026. This allows homeowners to access more funding for home repairs.
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Easier Mortgage Refinancing: Section 4 creates an exception that allows certain mortgagors who meet principal residence and income requirements to refinance their mortgages without it being treated as the acquisition of a new mortgage.
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Expanded Mortgage Credit Certificates: Section 8 extends the period for a mortgage credit certificate to be in effect from the second to the fourth year. Section 7 also modifies the calculation of credits for interest paid on certified indebtedness.
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Better Resource Management: Section 3 allows issuing authorities to transfer or redesignate carryforward bond authority to other authorities within the same State for the purpose of issuing qualified mortgage bonds or mortgage credit certificates.
Potential Negative Impacts for People
- None: The provided text does not list any provisions that result in negative consequences or burdens for individuals or groups of people.
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+6Good For Middle Class Households+5Good For Middle Aged+4Good For Rural Residents+4Good For Urban Residents+4Good For Young Adults+4Good For African Americans+3Good For Asian Americans+3Good For Business Owners+3Good For Hispanic Americans+3Good For Native Americans+3Good For People With Disabilities+3Good For Retirees+3Good For Seniors+3Good For White Americans+3Good For Union Workers+2
- Economy And Finance
- Improves Economic Growth+3Reduces Middle Class Taxes+3Improves Small Business Support+2Increases Job Creation+2
- Social Issues And Justice
- Improves Affordable Housing+6Improves Poverty Reduction+2Reduces Homelessness+1
- Governance And Ideology
- Improves Government Transparency+3Increase States Rights+2
- Environment Energy And Infrastructure
- Improves Rural Development+2
- 10/21/2025
- Committee on Banking, Housing, and Urban Affairs. Hearings held.
- 4/29/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
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.
Bill CassidyRepublican · Louisiana