The Families First Housing Act of 2026 gives families and community organizations priority access to foreclosed homes owned by major federal housing agencies. For 180 days after a foreclosed property is listed for sale, only "qualified" buyers—such as owner-occupants, nonprofit housing organizations, local governments, and community land trusts—can purchase the property, while institutional investors and house-flippers must wait. During this priority period, properties must be priced at fair market value based on independent appraisals and listed on a public website clearly marked as "first look" properties. The bill applies to the Federal Housing Administration, Federal Housing Finance Agency, Fannie Mae, Freddie Mac, and the Department of Agriculture, which must publish quarterly reports on their sales and face penalties up to $100,000 per violation if they fail to follow these rules. The requirements take effect 180 days after the bill becomes law, with federal agencies having that same timeframe to write implementing rules.
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