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HR 3278 101th Congress House Housing and Community Development Government trust funds Home ownership Housing finance Income tax Individual retirement accounts Rental housing Residential rehabilitation Tax exclusion

Homebuyers and Renters Relief Act of 1989

Introduced: September 14, 1989 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 1989
Referred to the Subcommittee on Housing and Community Development.
Sep 14, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sep 14, 1989
Referred to the House Committee on Ways and Means.
Sep 14, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

Homebuyers and Renters Relief Act of 1989 - Title I: Tax Exclusion for Distributions for First-Time Home Purchase - Amends the Internal Revenue Code to exclude from gross income certain retirement plan (individual retirement accounts, defined contribution plans) distributions used for a first-time home purchase.

Title II: Rental Housing Production - Authorizes the Secretary of Housing and Urban Development to make repayable advances to public and private sector project sponsors for rental housing construction and rehabilitation.

Establishes in the Treasury the Rental Housing Production Fund.

What's happening now October 1, 1989

Referred to the Subcommittee on Housing and Community Development.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1
D
Pallone, Frank
New Jersey · Oct 17, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3278: Homebuyers and Renters Relief Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3278/
MLA
"H.R. 3278: Homebuyers and Renters Relief Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3278/.
Bluebook (legal)
H.R. 3278, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3278/.
Markdown link
[H.R. 3278: Homebuyers and Renters Relief Act of 1989](https://openamerica.io/bill/101-HR-3278/)
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