summary
Introduced
07/16/2021
07/16/2021
In Committee
06/22/2022
06/22/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To provide downpayment assistance to first-generation home- buyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes.
AI Summary
This bill establishes the Downpayment Toward Equity Act of 2021, which provides downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States. The bill sets up a program for the Department of Housing and Urban Development to provide grants to states and eligible entities, such as minority depository institutions and community development financial institutions, to offer financial assistance to first-generation homebuyers for acquiring owner-occupied primary residences. The bill sets eligibility criteria for qualified homebuyers, eligible homes, and eligible mortgage loans, and requires housing counseling. The bill also includes provisions for reporting, a compelling interest study, and authorizes $100 billion in appropriations for the program.
Committee Categories
Business and Industry
Sponsors (66)
Maxine Waters (D)*,
Alma Adams (D),
Pete Aguilar (D),
Jake Auchincloss (D),
Cindy Axne (D),
Karen Bass (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Jamaal Bowman (D),
Cori Bush (D),
Tony Cárdenas (D),
Judy Chu (D),
David Cicilline (D),
Yvette Clarke (D),
Emanuel Cleaver (D),
Steve Cohen (D),
Danny Davis (D),
Madeleine Dean (D),
Adriano Espaillat (D),
Dwight Evans (D),
Sylvia Garcia (D),
Chuy García (D),
Jimmy Gomez (D),
Vicente Gonzalez (D),
Al Green (D),
Jahana Hayes (D),
Steven Horsford (D),
Sheila Jackson-Lee (D),
Mondaire Jones (D),
Marcy Kaptur (D),
Ro Khanna (D),
Brenda Lawrence (D),
Al Lawson (D),
Barbara Lee (D),
Mike Levin (D),
Ted Lieu (D),
Jim McGovern (D),
Gregory Meeks (D),
Grace Meng (D),
Gwen Moore (D),
Jerry Nadler (D),
Grace Napolitano (D),
Marie Newman (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Donald Payne (D),
Ed Perlmutter (D),
Ayanna Pressley (D),
Deborah Ross (D),
Raul Ruiz (D),
Bobby Rush (D),
Michael San Nicolas (D),
Linda Sánchez (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Adam Schiff (D),
Albio Sires (D),
Darren Soto (D),
Melanie Stansbury (D),
Marilyn Strickland (D),
Dina Titus (D),
Rashida Tlaib (D),
Ritchie Torres (D),
Nydia Velázquez (D),
Peter Welch (D),
Nikema Williams (D),
Last Action
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23. (on 06/22/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4495/all-info |
| BillText | https://www.congress.gov/117/bills/hr4495/BILLS-117hr4495ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4495/BILLS-117hr4495ih.pdf.pdf |
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