American Housing and Economic Mobility Act of 2025

This bill aims to make housing more affordable and available through various grant programs and changes to financial oversight. The Department of Housing and Urban Development would provide grants to governments to remove barriers to building affordable housing, help states assist homeowners with underwater mortgages, support affordable rental construction, and help lower-income first-time buyers purchase homes. The bill also requires financial regulators to check how well banks and other financial institutions serve their communities, especially underserved populations. Additionally, it expands fair housing protections to prevent discrimination based on sexual orientation, gender identity, marital status, income source, veteran status, and perceived membership in protected groups. The bill also changes the estate tax by reducing it to three tax brackets, increasing tax rates, lowering the exemption amount, and adding extra taxes on high-income estates and trusts.

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