119 HR 10075 IH: First-Time Homebuyer Affordability Act U.S. House of Representatives 2026-08-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 10075IN THE HOUSE OF REPRESENTATIVESAugust 10, 2026Mr. LaHood (for himself, Mr. Panetta, Mr. Moore of Utah, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes.

1.

Short title

This Act may be cited as the First-Time Homebuyer Affordability Act.

2.

Qualified mortgage bonds exempt from volume cap

(a)

In general

Section 146(g) of the Internal Revenue Code of 1986 is amended by redesignating paragraphs (1) through (6) as paragraphs (2) through (7), respectively, and by inserting before paragraph (2) the following new paragraph: (1)any qualified mortgage bond,. (b)

Conforming amendment

Section 146(g) of such Code, as amended by subsection (a), is amended by striking Paragraphs (4) and (5) in the last sentence and inserting Paragraphs (5) and (6). (c)

Effective date

The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.