Back to all bills
S 934119th CongressIntroduced
American Housing and Economic Mobility Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
S. 934, the American Housing and Economic Mobility Act of 2025, is a broad housing‑affordability package that expands grants and infrastructure funding, strengthens the Community Reinvestment Act, provides down‑payment assistance for first‑time and first‑generation buyers, revises estate‑tax rules, and doubles accessibility requirements, while also extending benefits to veterans and their descendants.
Key Points
- 1Authorizes $2 billion per year (2025‑2029) for local housing innovation grants and infrastructure.
- 2Creates a down‑payment assistance program for first‑time, first‑generation homebuyers.
- 3Strengthens the Community Reinvestment Act and expands protections under the Fair Housing Act.
- 4Revises estate‑tax rates, adds a surcharge on high‑income estates, and modifies transfer‑tax rules.
- 5Doubles the number of dwelling units required to be accessible under HUD regulations.
- 6Extends housing‑loan eligibility to direct descendants of veterans.
Impact Areas
Homebuyers (low‑income, first‑time, first‑generation, veterans)Housing finance institutions, credit unions, and banksFederal agencies (HUD, VA, Treasury)Communities and municipalitiesTaxpayers and estate owners
Generated by openai/gpt-oss-20b:free on Nov 21, 2025