H.R. 7216

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7216 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7216

To amend the Internal Revenue Code of 1986 to establish the housing 
affordability credit.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

January 22, 2026

Mr. Kean (for himself and Mr. Mackenzie) introduced the following bill; 
which was referred to the Committee on Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to establish the housing 
affordability credit.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Make American Housing Affordable 
(MAHA) Act of 2026''.

SEC. 2. HOUSING AFFORDABILITY CREDIT.

(a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 36B the following new section:

``SEC. 36C. HOUSING AFFORDABILITY CREDIT.

``(a) Allowance of Credit.--In the case of an eligible individual, 
there shall be allowed $5,000 (twice such amount in the case of a joint 
return) as a credit against the tax imposed by this subtitle.
``(b) Eligible Individual.--For purposes of this section, the term 
`eligible individual' means, with respect to a taxable year, an 
individual--
``(1) who purchases a principal residence (as such term is 
used in section 121) during such taxable year, and
``(2) with respect to whom no credit has been allowed 
during the 4 taxable years preceding such taxable year.
``(c) Phaseout.--
``(1) In general.--The amount of the credit allowed under 
subsection (a) shall be reduced by the amount which bears the 
same ratio to $50,000 (twice such amount in the case of a joint 
return) as the excess of--
``(A) the modified adjusted gross income of the 
individual, over
``(B) $250,000 (twice such amount in the case of a 
joint return).
``(2) Modified adjusted gross income.--For purposes of this 
subsection, the term `modified adjusted gross income' means the 
adjusted gross income of the taxpayer for the taxable year 
increased by any amount excluded from gross income under 
section 911, 931, or 933.''.
(b) Conforming Amendments.--
(1) Section 6211(b)(4)(A) of the Internal Revenue Code of 
1986 is amended by inserting ``, 36C'' after ``36B''.
(2) Section 1324(b)(2) of title 31, United States Code, is 
amended by inserting ``, 36C'' after ``, 36B''.
(3) The table of sections for subpart C of part IV of 
subchapter A of chapter 1 of the Internal Revenue Code of 1986 
is amended by inserting after the item relating to section 36B 
the following new item:

``Sec. 36C. Housing affordability credit.''.
(c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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