First-Time Homeowners Assistance Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 30, 2019)
First-Time Homeowners Assistance Act of 2019
This bill establishes a tax-exempt qualified first-time homeowner assistance program. Under such a program, a person may make cash contributions to a first-time homeowner assistance account.
The bill defines "first-time homeowner assistance account" as an account for providing down payment assistance to an account beneficiary who is a first-time homeowner of a principal residence in the United States. The amount of such downpayment assistance cannot exceed 10% of the cost of acquiring, constructing, or substantially improving the residence.
What just happenedJul 30, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJul 30, 2019
- Jul 30, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 30, 2019IntroReferralIntro-H
Introduced in House
- Jul 30, 2019IntroReferral1000
Introduced in House