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Bill > HF2169

IA HF2169

IA HF2169
A bill for an act requiring the Iowa finance authority to conduct a review of the firsthome program's household income limit.

summary

Introduced
01/27/2026
In Committee
01/27/2026
Crossed Over
Passed
Dead

Introduced Session

91st General Assembly

Bill Summary

This bill requires the Iowa finance authority (authority) to conduct a review of the firsthome program to analyze whether the household income limit to determine eligibility for the program provides adequate assistance to individuals in the state to purchase their first home, and an adequate incentive to out-of-state individuals to move to the state, and the impact that increasing the household income limit would have on the program. The authority shall submit a report to the general assembly on or before January 11, 2027, that summarizes the authority’s findings and provides the authority’s recommendations.

AI Summary

This bill requires the Iowa Finance Authority, a state agency that helps finance housing, to review its "firsthome program," which assists people in buying their first home. The review will examine if the current income limit for qualifying for this program is sufficient to help Iowans buy their first home and if it's attractive enough to encourage people from other states to move to Iowa. The authority will also assess what would happen if this income limit were increased. By January 11, 2027, the Iowa Finance Authority must present a report to the state legislature detailing its findings and offering recommendations on what the income limit should be.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced, referred to Economic Growth and Technology. H.J. 156. (on 01/27/2026)

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