119th (2025–2027)
H.R. 10075
This bill would remove the federal volume cap that currently limits the amount of qualified mortgage bonds that states and municipalities can issue. By exempting these bonds from the volume cap, states would have more flexibility to issue bonds used to finance affordable mortgages for first-time homebuyers. The legislation applies to any qualified mortgage bonds issued after the bill becomes law. The changes amend the Internal Revenue Code's rules on state and local bond issuances to help increase the availability of affordable mortgage financing. No specific funding amounts or sunset dates are included in the legislation.