H.R. 6390: Make Housing Affordable and Defend Democracy Act
The "Make Housing Affordable and Defend Democracy Act" aims to address housing affordability and immigration enforcement funds by implementing several key measures. The bill proposes to rescind over $175 billion allocated for immigration enforcement, redirecting these resources to initiatives that promote affordable housing. One of the primary elements of the bill is the introduction of tax credits specifically designed to assist first-time homebuyers, making it easier for them to enter the housing market.
Conversion of Non-Residential Buildings
The bill facilitates the transformation of eligible commercial properties into affordable housing units. This process, termed "qualified conversion," will have specific expenditure thresholds that buildings must meet to qualify. The legislation sets guidelines to ensure that the converted properties meet the standards for affordable housing.
Criteria for Affordable Housing
In establishing affordable units, the bill outlines the criteria that must be satisfied to ensure these housing options are accessible to low-income families. This includes the specification of what constitutes an affordable unit and how tax credits can assist those in need.
Funding and Outreach
In addition to tax credits, the bill includes provisions for funding outreach programs. These outreach efforts are intended to help inform potential renters and buyers of the programs available to support them in finding affordable housing solutions.
Support for Low-Income Households
The legislation also aims to provide advance renter tax credits for low-income households, providing them with financial relief as they navigate the housing market. This measure is designed to enhance affordability and support families who may otherwise struggle to secure stable housing.
Overall Objective
Overall, the act seeks to create a more accessible housing environment, providing financial tools for buyers and renters while reallocating significant funds from immigration enforcement towards essential housing solutions.
Relevant Companies
- PHM - PulteGroup, Inc.: This company could be affected as potential changes in the housing market may influence demand for new homes in response to the incentives for first-time homebuyers.
- DHI - D.R. Horton, Inc.: As one of the largest homebuilders in the U.S., D.R. Horton may see impacts from tax credits assisting first-time homebuyers and potential changes in housing inventory.
- KBH - KB Home: This homebuilder may be impacted similarly to others as the bill could create an overall increase in the demand for affordable housing.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
63 bill sponsors
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TrackJimmy Gomez
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TrackYassamin Ansari
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TrackBecca Balint
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TrackNanette Diaz Barragán
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TrackJoyce Beatty
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TrackBrendan F. Boyle
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TrackJulia Brownley
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TrackSalud O. Carbajal
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TrackAndré Carson
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TrackTroy A. Carter
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TrackJudy Chu
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TrackGilbert Ray Cisneros, Jr.
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TrackSteve Cohen
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TrackDanny K. Davis
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TrackMadeleine Dean
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TrackChristopher R. Deluzio
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TrackMaxine Dexter
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TrackDwight Evans
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TrackMaxwell Frost
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TrackRobert Garcia
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TrackSylvia R. Garcia
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TrackJesús G. "Chuy" García
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TrackDaniel S. Goldman
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TrackJonathan L. Jackson
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TrackSara Jacobs
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TrackHenry C. "Hank" Johnson, Jr.
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TrackSydney Kamlager-Dove
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TrackRobin L. Kelly
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TrackRaja Krishnamoorthi
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TrackJohn B. Larson
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TrackGeorge Latimer
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TrackSummer L. Lee
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TrackTeresa Leger Fernandez
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TrackSam Liccardo
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TrackTed Lieu
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TrackDoris O. Matsui
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TrackApril McClain Delaney
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TrackJames P. McGovern
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TrackLaMonica McIver
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TrackRobert Menendez
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TrackKevin Mullin
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TrackJerrold Nadler
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TrackEleanor Holmes Norton
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TrackScott H. Peters
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TrackMark Pocan
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TrackDelia C. Ramirez
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TrackEmily Randall
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TrackLuz Rivas
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TrackRaul Ruiz
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TrackAndrea Salinas
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TrackJanice D. Schakowsky
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TrackBrad Sherman
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TrackLateefah Simon
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TrackDarren Soto
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TrackEric Swalwell
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TrackLinda T. Sánchez
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TrackShri Thanedar
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TrackMike Thompson
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TrackDina Titus
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TrackJuan Vargas
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TrackMarc A. Veasey
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TrackDebbie Wasserman Schultz
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TrackBonnie Watson Coleman
Co-Sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Dec. 03, 2025 | Introduced in House |
| Dec. 03, 2025 | Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, Homeland Security, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
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