Helps first-time, first-generation homebuyers afford a home with down payment assistance.
This bill would create a new federal program to help people buy their first home, especially those whose parents never owned a home. It would offer financial assistance for down payments and closing costs, up to $20,000 or 10% of the home's price. The goal is to address long-standing inequalities and make homeownership more accessible for eligible families.
Currently, there isn't a dedicated federal program specifically for first-generation homebuyers offering this level of down payment assistance. This bill would create such a program, making homeownership more accessible for eligible families. It would also require housing counseling for these homebuyers and direct HUD to ensure funds are distributed in a way that addresses historical inequities.
HR 4069 · 119th Congress · June 23, 2025 · AI Summary by gemini-2.5-flash · 10/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.