Main Street Home Builders Act of 2025
Sponsors
Legislative Progress
In CommitteeMr. Vindman (for himself and Mr. Bresnahan) introduced the following …
Summary
What This Bill Does
This bill creates a new pilot program called the '505 Pilot Program' through the Small Business Administration to provide loans to small business home builders for building and managing rental housing with multiple units. The program removes typical SBA loan requirements like job creation targets and leasing restrictions to make it easier for small builders to access financing for build-to-rent projects.
Who Benefits and How
Small business home builders and construction companies benefit by gaining access to SBA-backed loans without meeting traditional job creation requirements. Small multifamily housing developers can use the loans to construct, renovate, or manage rental properties. Renters may benefit from increased rental housing supply, particularly in areas with housing shortages. State development companies that administer SBA 504 loans will have expanded lending authority.
Who Bears the Burden and How
Taxpayers bear the risk of the loan program, with up to $12 billion authorized over 5 years (FY2026-2030). The SBA must administer the program and ensure compliance. Lenders must conduct due diligence on borrowers' track records and financial capacity.
Key Provisions
- Creates 505 Pilot Program for SBA loans to small business home builders
- Exempts program from job creation requirements and leasing restrictions
- Requires each project to create at least one additional dwelling unit
- Authorizes $1B in FY2026, $2B in FY2027, and $3B annually in FY2028-2030
- Program terminates after 5 years
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Creates a pilot program through the SBA to provide loans to small business home builders for constructing and managing build-to-rent multifamily housing, with up to $12 billion in funding over 5 years.
Policy Domains
Legislative Strategy
"Increase rental housing supply by providing small business builders access to SBA financing without traditional job creation requirements"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → Administrator of the Small Business Administration
Key Definitions
Terms defined in this bill
A single unit of residence for a household of one or more persons
A small business concern that constructs, refurbishes, expands, or makes improvements to build-to-rent multifamily housing and manages such housing
A facility that contains more than one dwelling unit
Multifamily housing constructed with the intention of renting or leasing such housing
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology