Bill > HR2038

This bill, the American Housing and Economic Mobility Act of 2025, is a comprehensive legislation aimed at addressing housing affordability, economic mobility, and addressing historical housing discrimination. The bill contains five major titles covering housing innovation, combating housing discrimination, estate tax reform, and accessibility requirements. Key provisions include establishing a $2 billion local housing innovation grant program to reform land use restrictions and remove barriers to affordable housing construction, creating a $50 million down payment assistance program for first-time, first-generation homebuyers, strengthening the Community Reinvestment Act to require banks to better serve low and moderate-income communities, expanding fair housing protections to include sexual orientation, gender identity, marital status, and source of income, and reforming estate tax rules by increasing tax rates on high-value estates, limiting valuation discounts, and modifying rules for farm property and conservation easements. The bill also increases funding for various housing programs, including $48 billion for the Housing Trust Fund, $70 billion for public housing capital funds, and provides new protections for homeowners and renters. Additionally, the bill requires increased accessibility in housing units constructed or assisted with federal funds, mandating twice the number of accessible units compared to current regulations.