House Bill 4495
117th Congress(2021-2022)
Downpayment Toward Equity Act of 2021
Introduced
Introduced in House on Jul 16, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4495
Congress
117
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
No House votes have been held for this bill.
Summary
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.
July 16, 2021
Sort by most recent
06/22/2022
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.
06/22/2022
Committee Consideration and Mark-up Session Held.
07/16/2021
Referred to the House Committee on Financial Services.
07/16/2021
Introduced in House
Public Record
Record Updated
Nov 10, 2023 4:56:30 AM