Affordable Housing Bond Enhancement Act

Sponsor: Rudy Yakym (Republican-IN)February 9, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

Homeowners would get more help with refinancing and bigger loans for home improvements.

This bill would make it easier for homeowners to get help with housing costs and home repairs. It would allow more people to refinance their mortgages and increase the amount they can borrow for home improvements from $15,000 to $75,000. The bill also shortens the time homeowners might owe a special tax if they sell their home within five years of getting certain mortgage assistance.

What Would Change

Today, there are strict limits on refinancing mortgages with certain bonds, and homeowners can only borrow up to $15,000 for qualified home improvements. If they sell their home within nine years after getting certain mortgage bond help, they might owe a special tax. This bill would make it easier to refinance, increase the home improvement loan limit to $75,000 (with inflation adjustments), and shorten that special tax period to five years.

Key Provisions

Lets homeowners refinance mortgages using special bonds if they meet income and residency rules.
Increases the maximum loan for home improvements from $15,000 to $75,000, with future adjustments for inflation.
Shortens the period homeowners might owe a special tax from 9 years to 5 years if they sell a home bought with certain bond help.
Lets state and local agencies transfer or change the purpose of unused bond authority to help with housing.
Gives agencies more flexibility to set annual credit rates for mortgage credit certificates, between 1 percent and 5 percent.
Reduces the public notice period for mortgage credit certificates from 90 days to 30 days.

View on Congress.gov

HR 7414 · 119th Congress · February 9, 2026 · AI Summary by gemini-2.5-flash · 9/10

Affordable Housing Bond Enhancement Act

What Would Change

Key Provisions

Lobbying Activity