Bill > S934

This bill, the American Housing and Economic Mobility Act of 2025, is a comprehensive legislative proposal aimed at addressing housing affordability, reducing housing discrimination, and reforming estate tax laws. The bill includes several key provisions: establishing a $2 billion grant program for local housing innovation to reform land use restrictions and remove barriers to affordable housing construction, creating a down payment assistance program for first-time, first-generation homebuyers with grants up to 3.5% of a home's value, expanding protections under the Fair Housing Act to include sexual orientation, gender identity, marital status, source of income, and veteran status, and implementing significant estate tax reforms that increase tax rates on large estates, modify rules for trusts, and adjust valuation methods for inherited property. The bill also includes provisions to strengthen the Community Reinvestment Act, improve credit union services to underserved areas, and increase accessibility requirements for housing assisted by the Department of Housing and Urban Development. Additionally, the legislation seeks to address historical housing discrimination by providing new pathways to homeownership and implementing more stringent oversight of financial institutions' lending practices.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/934/all-info