American Dream for All Act

This bill sets up a HUD pilot program that gives grants to states, territories, and tribal governments to run loan funds that help with down payments for homebuyers. The help can cover between 3% and 20% of the home’s price, and each place gets grant money based on its population. Programs can give out help first-come, first-served or by lottery, and they can offer a loan approval before a buyer finds a house, with a set time window and one renewal to complete a purchase. No more than 15% of funds can be used for admin costs. HUD must launch the pilot within one year of the bill becoming law .

Homeowners pay the down payment loan back when they sell. If the home goes up in value, they repay the loan plus a share of the gain equal to the loan’s percent of the original price; if it goes down, they repay just the loan amount. Loan caps are $150,000 in high-cost states/tribes, $100,000 in medium-cost, and $50,000 in low-cost, with amounts reviewed yearly and adjusted for inflation. Reports to HUD are required each year, and funding is authorized for fiscal years 2026–2030 .

Key points

• Who is affected: Homebuyers who qualify under each state or tribal program; states, territories, and tribes running the programs .
• What changes: Down payment help of 3%–20%, given as a shared-appreciation loan; local programs may use first-come or lottery systems; admin costs capped at 15%.
• How much help: Up to $150k (high-cost), $100k (medium-cost), or $50k (low-cost), adjusted annually.
• When: HUD must start the pilot within 1 year of enactment; funding runs FY 2026–2030 .