Working Families Home Construction Act of 2026

This bill would require the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to buy and securitize certain loans made to builders and developers for constructing owner-occupied homes. To qualify, a loan must be no more than $100,000 per home and $2.4 million per project, and the builder must put in at least 10 percent of the project's cost. The loan must also come from a bank, credit union, state housing finance agency, or other approved lender, and the project needs local government support, such as a zoning approval or building permit. Homes built with these loans must be sold to families earning between 90 and 130 percent of the area median income, and buyers must live in the home for at least one year. The bill changes how money the two companies set aside under an existing federal housing law is divided, directing 22 percent of it to buying these loans.

Full text and official record on Congress.gov

Sponsors

• Scott Fitzgerald Republican sponsor
• 1 cosponsors