US H.R. 2038

Comprehensive housing package including: downpayment assistance for first-time, first-generation buyers; formula grant program for neighborhoods with appraisal gap (where median sale price is less than cost to build); strengthening the Community Reinvestment Act; housing supply grants and anti-displacement measures; conditions on sale of government-owned REO properties and non-performing loans; requires loss mitigation options for borrowers before foreclosure on sold loans. Sponsors: Progressive Democrats. Companion: S. 934.

Status

Introduced

Topic

American Housing and Economic Mobility Act of 2025

Session

119th Congress