JOIN THE COMMUNITY
Subscribe to our weekly newsletter for the lastest industry news and resources delivered straight to your inbox.
Let us know your interests:
Preferred language

Legislation introduced to incentivize construction of starter homes

As housing prices continue to rise, Representative Jimmy Gomez (D-Calif) has introduced a new bill designed to help incentivize the construction of starter homes and offer opportunities for first-time homebuyers to enter the real estate market. Known as the “My American Homeownership Opportunity Act,” the bill provides builders of starter homes a 15% tax credit on construction costs, which increases to 30% if a first-time home buyer purchases the home.

To be eligible for this act, homes must be no larger than 1200 square feet, and the sale price cannot exceed 80% of the median price of homes in the area. These stipulations are designed to encourage home builders to construct smaller, less expensive homes and allow new homebuyers an opportunity to enter the housing market.

Gomez states, “My American Homeownership Opportunity Act will give Americans the opportunity to enter a housing market that’s more fair and affordable, giving them the chance to thrive and get closer to the American dream as generations before them have. Through tens of thousands in down-payment assistance for new home buyers and incentives for builders to create more starter homes, this legislation tackles the housing crisis head-on.”

In addition to incentivizing homebuilders to create more starter homes, the “My American Homeownership Opportunity Act” also provides first-time home buyers up to $50,000 in down payment assistance to help them transition from renting to home ownership.

Gomez hopes the new bill will ease the US housing crisis and increase the number of affordable homes.

To stay on top of all the latest construction news, sign up for our weekly newsletter!

Share Your Thoughts

How to become an architect (plus salary expectations)

July 29, 2025

Learn how to become an architect, how much it costs,...

Read more

8 of the world’s deadliest construction projects

July 29, 2025

Discover 8 of the world’s deadliest construction projects, including the...

Read more

How to prepare your construction site for extreme weather

July 28, 2025

Protect your construction site from extreme weather. Secure materials, reinforce...

Read more

EnerLux Windows & Doors: The upgrade your home needs

July 28, 2025

Enerlux windows offers customization, energy efficiency, and durability with each...

Read more

How to become an architect (plus salary expectations)

July 29, 2025

Learn how to become an architect, how much it costs,...

Read more

8 of the world’s deadliest construction projects

July 29, 2025

Discover 8 of the world’s deadliest construction projects, including the...

Read more

How to prepare your construction site for extreme weather

July 28, 2025

Protect your construction site from extreme weather. Secure materials, reinforce...

Read more

EnerLux Windows & Doors: The upgrade your home needs

July 28, 2025

Enerlux windows offers customization, energy efficiency, and durability with each...

Read more

Gentle stretches to ease lower back pain for construction workers

July 26, 2025

Stretches like cat and cow and spinal rotations can reduce...

Read more

How to build earthquake resistant buildings that last

July 25, 2025

Structures like the Sabiha Gökçen Airport have figured out how...

Read more