Bill

Bill > HR7563


US HR7563

Increasing Homeownership for Servicemembers Act


summary

Introduced
04/21/2022
In Committee
04/21/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To direct the Secretary of Defense to seek to enter into an agreement with an entity to conduct a study and produce a report on barriers to home ownership for members of the Armed Forces.

AI Summary

This bill directs the Secretary of Defense to seek an agreement with a federally funded research or non-profit entity to conduct a study on the barriers to home ownership for members of the Armed Forces. The study will examine potential barriers such as down payments, home maintenance concerns, and challenges in selling a home. It will also look at the percentage of members using their basic allowance for housing to pay for a mortgage, any differences in home ownership rates among members correlated with race or gender, and the percentage of members who own a home before separating from the Armed Forces. The Secretary will then submit a report with the study's findings to the Committees on Armed Services of the Senate and House of Representatives.

Committee Categories

Military Affairs and Security

Sponsors (3)

Last Action

Referred to the House Committee on Armed Services. (on 04/21/2022)

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