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US HB6774
Bill
Status
12/17/2025
Primary Sponsor
Maxine Waters
Click for details
AI Summary
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Authorizes HUD's Federal Housing Commissioner to establish a pilot program expanding access to small-dollar mortgages for homebuyers seeking lower-cost properties
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Targets mortgage lending gaps where borrowers often struggle to obtain financing for modest home purchases due to lender disincentives on smaller loan amounts
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Aims to promote homeownership opportunities in underserved markets and for lower-income households who may be shut out of traditional mortgage products
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Directs the Secretary to study barriers to small-dollar mortgage lending and develop strategies to incentivize lender participation in the pilot program
Legislative Description
To authorize the Secretary of Housing and Urban Development, acting through the Federal Housing Commissioner, to establish a pilot program to increase access to small-dollar mortgages, and for other purposes.
Last Action
Referred to the House Committee on Financial Services.
12/17/2025