Set a uniform federal homestead exemption tied to local housing costs

Warren proposes replacing varying state homestead exemptions with a uniform federal exemption equal to half the Federal Housing Finance Agency conforming loan limit for the filer’s county of residence. Because that limit varies by county, the amount would reflect local housing markets. Warren says the approach would provide more protection than the then-current federal limit and help address racial inequity in the consumer credit system.

Context: The proposal ties the exemption to the county conforming loan limit; the passage gives $255,200 as the amount for most communities in 2020.

In their own words

My plan creates a uniform federal homestead exemption. The exemption would be set at half of the

The source

Fixing Our Bankruptcy System to Give People a Second Chan...

Published: Original date not established; campaign context manually checked
Retrieved: 11/12/2026