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HR 2038119th CongressIntroduced
American Housing and Economic Mobility Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
H.R. 2038, the American Housing and Economic Mobility Act of 2025, establishes a comprehensive housing finance and policy package that expands local housing innovation grants, increases federal housing infrastructure funding, provides down‑payment assistance for first‑time homebuyers, strengthens the Community Reinvestment Act, and includes significant appropriations for affordable housing and community development.
Key Points
- 1Local housing innovation grants are created to reform land‑use restrictions and remove barriers to affordable housing.
- 2The Housing Trust Fund is authorized $48 billion and the Capital Magnet Fund $3 billion for fiscal years 2025‑2034.
- 3A $3.5 % down‑payment assistance grant is provided for first‑time, first‑generation homebuyers.
- 4The Community Reinvestment Act is strengthened with new findings, definitions, and enforcement provisions.
- 5Large appropriations are added for rural, Indian, and Hawaiian housing programs and a Middle Class Housing Emergency Fund.
Impact Areas
State and local governments, Indian tribes, and housing developersLow‑ and moderate‑income families and veteransCommunity development agencies and housing finance agenciesThe broader housing market and affordable housing supply
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