Allows Fannie Mae and Freddie Mac to purchase and securitize certain residential construction loans.
The Working Families Home Construction Act of 2026 permits the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association to purchase and securitize qualifying construction loans. These loans must be made by a depository institution, credit union, or state housing finance agency. The loans can be used for acquiring land, professional services, infrastructure development, construction of dwelling units, developer incentives, or municipal fees and permits.
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