Congressman Krishnamoorthi introduces the First Home Affordability Act to assist first-time homebuyers with upfront costs.
Quiver AI Summary
Congressman Krishnamoorthi introduces new housing legislation: Congressman Raja Krishnamoorthi (D-IL) announced the First Home Affordability Act aimed at assisting first-time homebuyers in Illinois. The legislation seeks to reduce upfront costs, which currently hinder many working and middle-class families from purchasing homes.
Key provisions of the act: The proposed law would provide a refundable tax credit of up to $25,000 over five years for qualified buyers, specifically targeting middle-class families. Additionally, first responders and educators may access the full credit in the first year if they meet certain eligibility criteria.
Concerns about housing affordability: With over 75% of homes deemed unaffordable for typical households, the Congressman emphasized the need for this initiative, stating, “The cost of buying a home has been pushed out of reach by surging housing prices." He aims to help families build financial stability and commit to their communities.
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Raja Krishnamoorthi Fundraising
Raja Krishnamoorthi recently disclosed $0 of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 1537th most from all Q3 reports we have seen this year. nan% came from individual donors.
Krishnamoorthi disclosed $9.1M of spending. This was the most from all Q3 reports we have seen from politicians so far this year.
Krishnamoorthi disclosed $276.0K of cash on hand at the end of the filing period. This was the 681st most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Raja Krishnamoorthi's fundraising on Quiver Quantitative.
Raja Krishnamoorthi Net Worth
Quiver Quantitative estimates that Raja Krishnamoorthi is worth $3.9M, as of January 15th, 2026. This is the 190th highest net worth in Congress, per our live estimates.
Krishnamoorthi has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Raja Krishnamoorthi's net worth on Quiver Quantitative's politician page for Krishnamoorthi.
Raja Krishnamoorthi Bill Proposals
Here are some bills which have recently been proposed by Raja Krishnamoorthi:
- H.R.7017: To prohibit the withholding of Federal funds under Temporary Assistance for Needy Families, Child Care Development Fund, and the Social Services Block Grant programs without explicit authorization from Congress, and for other purposes.
- H.R.6980: To prohibit the availability of Federal funds for certain United States assertions with respect to Venezuela, and for other purposes.
- H.R.6752: Investing in American Workers Act
- H.R.6576: SAFE LiDAR Act
- H.R.6528: Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025
- H.R.6305: High-skilled Immigration Reform for Employment Act
You can track bills proposed by Raja Krishnamoorthi on Quiver Quantitative's politician page for Krishnamoorthi.
