Search Results: keywords:"first-time homebuyer credit"

  • H. R. 6970 — To provide rental vouchers for the homeless, and for other purposes.
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    Status:Introduced in House
    Words:50,217

    H.R. 6970, or the "Decent, Affordable, Safe Housing for All Act" (DASH Act), aims to address homelessness by providing rental vouchers to individuals and families experiencing or at risk of homelessness, with a specific focus on those earning less than 50% of the area median income. It...

    Simple Explanation

    H.R. 6970 is a bill that wants to help people who don't have homes by giving them special tickets to pay for rent, and it also has ideas to help people buy houses for the first time. It is like a big plan to make sure everyone has a nice place to live, and it talks about working together and using money wisely to do that.

  • H. R. 7707 — To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes.
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    Status:Introduced in House
    Words:3,696

    The bill, H.R. 7707, seeks to amend the Internal Revenue Code of 1986 to introduce a refundable tax credit for first-time homebuyers. It allows eligible individuals to receive a credit worth 10% of the purchase price of their home, up to a maximum of $15,000. Certain...

    Simple Explanation

    The bill wants to give people buying their first house a bit of money back, up to $15,000, to help them pay for it, but they have to follow some rules like not owning a home recently and earning below a certain amount of money. If someone sells the house too soon or doesn't live in it, they might have to give the money back, and there are special rules for how this money can be shared or transferred to help with loans.