Downpayment Toward Equity Act of 2021
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 16, 2021)
Downpayment Toward Equity Act of 2021
This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes. Qualifying assistance includes assistance for mortgage down payments, mortgage closing costs, reduction of mortgage interest rates, subsidies for shared equity homes, or for certain preoccupancy modifications to a home to accommodate persons with disabilities.
The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.
What just happenedJun 22, 2022
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
Who’s behind it
- Introduced in HouseJul 16, 2021
- Jun 22, 2022Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
Financial Services Committee - Jun 22, 2022Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Jul 16, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 16, 2021IntroReferralIntro-H
Introduced in House
- Jul 16, 2021IntroReferral1000
Introduced in House