First-Time Homebuyer Affordability Act
The source supplies the latest action, but no lifecycle stage.
Latest action (10 Aug 2026): Referred to the House Committee on Ways and Means.
What this bill does
H.R. 10075 was introduced on August 10, 2026, by Rep. Darin LaHood (R-IL) and would amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the federal volume cap. In concrete terms, this means state and local governments would be able to issue qualified mortgage bonds — a type of tax-exempt bond used to fund below-market-rate mortgages, often for first-time or lower-income homebuyers — without those bonds counting against the annual per-state limit on private-activity bond issuance. The bill's full text has not yet been published, so the specific mechanics, effective dates, and any additional provisions referenced by "and for other purposes" are not yet known.
Because qualified mortgage bonds are typically administered through state and local housing finance agencies, the most directly affected parties would likely be those agencies and the homebuyers who benefit from the mortgage programs they run, since removing the volume-cap constraint could allow more such bonds to be issued. However, since no bill text is available, the actual scope of who is affected and by how much cannot be confirmed from the material at hand.
The bill was introduced in the House on August 10, 2026, and its most recent action is that introduction. Under standard legislative process, it would next be referred to a committee (typically Ways and Means for tax matters) for consideration before any further action, such as a committee vote or floor consideration, could occur.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
10 Aug 2026
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 10075 do?
- H.R. 10075 was introduced on August 10, 2026, by Rep. Darin LaHood (R-IL) and would amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the federal volume cap. In concrete terms, this means state and local governments would be able to issue qualified mortgage bonds — a type of tax-exempt bond used to fund below-market-rate mortgages, often for first-time or lower-income homebuyers — without those bonds counting against the annual per-state limit on private-activity bond issuance. The bill's full text has not yet been published, so the specific mechanics, effective dates, and any additional provisions referenced by "and for other purposes" are not yet known. Because qualified mortgage bonds are typically administered through state and local housing finance agencies, the most directly affected parties would likely be those agencies and the homebuyers who benefit from the mortgage programs they run, since removing the volume-cap constraint could allow more such bonds to be issued. However, since no bill text is available, the actual scope of who is affected and by how much cannot be confirmed from the material at hand. The bill was introduced in the House on August 10, 2026, and its most recent action is that introduction. Under standard legislative process, it would next be referred to a committee (typically Ways and Means for tax matters) for consideration before any further action, such as a committee vote or floor consideration, could occur.
- Has H.R. 10075 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10075. Check the latest action and official source below.
- Who sponsored H.R. 10075?
- H.R. 10075 was sponsored by Rep. LaHood, Darin [R-IL-16] (R-IL), with 5 cosponsors.
- What's the latest action on H.R. 10075?
- Referred to the House Committee on Ways and Means. (10 Aug 2026).
Related bills in Taxation
National Taxpayer Advocate Enhancement Act of 2025
End Tax Penalties on American Hostages Act
School Freedom Act of 2026
RELA Act of 2026
More bills from Rep. LaHood, Darin [R-IL-16]
Meals for Communities Tax Credit Act
Advanced AI Security Readiness Act
Digital Trade for Development Act
Expressing the sense of the House of Representatives that the United States should negotiate strong, inclusive, and forward-looking rules on digital trade and the digital economy with like-minded countries as part of its broader trade and economic strategy in order to ensure American values of democracy, rule of law, freedom of speech, human and worker rights, privacy, and a free and open internet are at the very core of digital governance.
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.