Unlocking Homeownership Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Feb 5, 2026
What it does
The Unlocking Homeownership Act would amend the Internal Revenue Code to allow tax-free distributions from qualified tuition programs (529 plans) for first-time home purchases, including for the beneficiary, their spouse, or certain family members, provided the funds are used within 120 days to pay qualified acquisition costs for a principal residence. It defines a first-time homebuyer as someone who has not owned a principal residence in the prior two years and includes special provisions for distributions affected by delays or cancellations due to qualified disasters, allowing recontributions or transfers to other 529 plans or ABLE accounts under specific conditions. The amendment would…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.