Main Street Home Builders Act of 2025

This bill would require the Small Business Administration to run a five-year "505 Pilot Program" that makes loans through state development companies to small businesses that build, improve, and manage multifamily housing built to be rented. These businesses would not be treated as speculative or passive businesses, and their projects would be exempt from the program's usual job creation requirements and leasing limits. Lenders would have to check that borrowers will use the project themselves, have a record of building or managing rental housing, and have enough assets. Each project would have to add at least one housing unit, and the program could use up to $1 billion in 2026, $2 billion in 2027, and $3 billion per year from 2028 through 2030.

Full text and official record on Congress.gov

Sponsors

• Eugene Simon Vindman Democrat sponsor
• 2 cosponsors