American Housing and Economic Mobility Act of 2025

3/26/2025, 5:37 PM

Summary of Bill HR 2038

Bill 119 HR 2038, also known as the "Affordable Housing Act," aims to address the issue of housing affordability in the United States. The bill includes several key provisions to help make housing more accessible to low and middle-income individuals and families.

One of the main components of the bill is the establishment of a new federal grant program to provide funding for the construction and renovation of affordable housing units. This program would prioritize projects that serve low-income individuals and families, as well as those in underserved communities.

Additionally, the bill includes measures to incentivize the development of affordable housing, such as tax credits for developers who build affordable units and grants for local governments to streamline the approval process for affordable housing projects. The Affordable Housing Act also includes provisions to protect tenants from eviction and ensure that they have access to safe and affordable housing. This includes measures to prevent discrimination against tenants based on their source of income and to provide financial assistance to tenants facing eviction. Overall, Bill 119 HR 2038 seeks to address the growing issue of housing affordability in the United States by providing funding and incentives for the development of affordable housing units, as well as protections for tenants facing eviction.

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Current Status of Bill HR 2038

Bill HR 2038 is currently in the status of Bill Introduced since March 11, 2025. Bill HR 2038 was introduced during Congress 119 and was introduced to the House on March 11, 2025.  Bill HR 2038's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 11, 2025

Bipartisan Support of Bill HR 2038

Total Number of Sponsors
3
Democrat Sponsors
3
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
23
Democrat Cosponsors
23
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2038

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2038

To make housing more affordable, and for other purposes.To make housing more affordable, and for other purposes.
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Sponsors and Cosponsors of HR 2038

Emanuel Cleaver
Emanuel Cleaver
Missouri(Democrat)
Ayanna Pressley
Ayanna Pressley
Massachusetts(Democrat)
Eleanor Holmes Norton
Eleanor Holmes Norton
District of Columbia(Democrat)
James P. McGovern
James P. McGovern
Massachusetts(Democrat)
Jesús G. "Chuy" García
Jesús G. "Chuy" García
Illinois(Democrat)
Delia C. Ramirez
Delia C. Ramirez
Illinois(Democrat)

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