Establishes "Entry-Level Home Production Incentive Act of 2026"; provides project gap financing for low- to middle-income housing development; appropriates $300 million.

Summary

The bill establishes the Entry‑Level Home Production Incentive Act, which creates a $300 million fund to bridge financing shortfalls for developers of affordable housing. It targets low‑ to middle‑income households—those earning up to 120% of area median income—by making it easier to build or rehabilitate homes. The goal is to increase the supply of first‑time homes for middle‑income buyers amid rising prices and limited inventory.

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