HR7160Referred to Committee

First Home Affordability Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-20
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Raja Krishnamoorthi
Raja Krishnamoorthi
Democrat · IL · Representative
Votes with party: 97.4% (540 recorded votes)

Full profile: /officials/K000391

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-01-20

Source: Congress.gov

Plain-English Summary

This bill would likely create tax benefits or credits to help first-time homebuyers afford to purchase their first home, such as reducing taxes owed or providing direct financial assistance at tax time. The changes would primarily affect young adults and families trying to buy a home for the first time by making down payments and closing costs more manageable. The proposal is currently under review by the House committee that handles tax policy.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Related legislation

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