Families First Housing Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6962 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 6962 To strengthen and standardize ``first look'' protections for covered properties to ensure families and communities have priority access to foreclosed homes, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 7, 2026 Mr. Harrigan (for himself and Mr. Riley of New York) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To strengthen and standardize ``first look'' protections for covered properties to ensure families and communities have priority access to foreclosed homes, and for other purposes. 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 ``Families First Housing Act of 2026''. SEC. 2. FIRST LOOK PROTECTIONS. (a) In General.--Each covered entity shall ensure, when selling an eligible property, that the eligible property is only available for purchase by qualified first look buyers during the 180 day period beginning on the date that the eligible property is listed for sale. (b) Pricing of Eligible Properties.-- (1) In general.--During the 180 day period beginning on the date that the eligible property is listed for sale during which an eligible property is only available for purchase by qualified first look buyers the eligible property shall be offered by the covered entity at a price that is the fair market value of the property as determined by an independent third-party appraisal or broker price opinion not more than 60 days before the date on which the property was listed for sale. (2) Exception.--If the covered entity selling the eligible property determines that the fair market value