Finance construction of middle-class homes

Scott Fitzgerald introduced the Working Families Home Construction Act, which would allow Fannie Mae and Freddie Mac to purchase residential construction loans at low interest rates, subject to certain home-price specifications. The financing is intended to help builders cover upfront costs such as land acquisition, infrastructure, and site preparation, and to encourage construction of middle-class housing. Fitzgerald based the effort on a similar program in Washington County, Wisconsin. The bill was introduced, not enacted.

Context: The passage does not specify the home-price limits or other loan terms.

In their own words

allows Fannie Mae and Freddie Mac to purchase residential construction loans at a low interest rate

The source

Fitzgerald: original package of housing legislation ↗

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