First Look for First-time Homebuyers Act of 2026

This bill would require certain federal housing agencies and mortgage companies, including the Federal Housing Administration, Fannie Mae, Freddie Mac, the Federal Housing Finance Agency, and the Department of Agriculture, to offer homes they own or have foreclosed on only to first-time homebuyers for the first 15 days after listing. During that period, the homes must be priced at fair market value based on a recent independent appraisal or broker price opinion, and listed on a public website showing how many days remain. The agencies could not sell these homes in bundles during that period. They would have to report to Congress every 6 months on offers and sales, and their Inspectors General would review sales each year and publish the results.

Full text and official record on Congress.gov

Sponsors

• Tom Barrett Republican sponsor
• 0 cosponsors