Main Street Home Builders Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6328 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6328 To require the Administrator of the Small Business Administration to carry out a pilot program for construction or management of build-to- rent multifamily housing, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 28, 2025 Mr. Vindman (for himself and Mr. Bresnahan) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To require the Administrator of the Small Business Administration to carry out a pilot program for construction or management of build-to- rent multifamily housing, 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 ``Main Street Home Builders Act of 2025''. SEC. 2. PILOT PROGRAM FOR CONSTRUCTION OR MANAGEMENT OF BUILD-TO-RENT MULTIFAMILY HOUSING. (a) In General.--The Administrator shall carry out a pilot program to be known as the ``505 Pilot Program'' to make loans to State development companies in accordance with title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.) to provide assistance to covered persons for projects to-- (1) construct, refurbish, expand, or make improvements to build-to-rent multifamily housing; and (2) manage such build-to-rent multifamily housing. (b) Consideration.--A covered person that participates in the 505 Pilot Program shall not be considered to be a speculative business or a passive business (as such terms are defined, respectively, in section 120.110 of title 13, Code of Federal Regulations). (c) Requirements.--A loan made under the 505 Pilot Program shall be made in the same manner and for the same purpos