Search Results: keywords:"first-time homebuyers"

  • S. 4542 — To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.
    Status:Introduced in Senate
    Words:314

    S. 4542 proposes a law that would allow first-time homebuyers to pay a reduced rate on their FHA mortgage insurance premiums if they complete a financial literacy housing counseling program. The Secretary of Housing and Urban Development would implement this by modifying how...

    Simple Explanation

    First-time homebuyers can save money on their FHA loan insurance if they take a class about managing money and buying a house before they start the process. This bill wants to make sure people learn about buying a house so they’re ready for it.

  • H. R. 9245 — To make housing more affordable, and for other purposes.
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    Status:Introduced in House
    Words:30,750

    H.R. 9245, known as the "American Housing and Economic Mobility Act of 2024," is designed to make housing more affordable in the United States. It proposes measures like granting funds to local entities to reduce housing costs, safeguarding low-income homeowners, reforming...

    Simple Explanation

    The American Housing and Economic Mobility Act of 2024 is a plan to make homes cheaper for people by giving money to help change rules and build houses, helping people buy homes, and protecting fair housing rights, but it needs to be careful with money and rules so everything is fair and doesn't get messy.

  • H. R. 8714 — To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance grants, and for other purposes.
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    Status:Introduced in House
    Words:2,487

    H.R. 8714, also known as the “Home of Your Own Act of 2024,” aims to help people in the United States become homeowners by providing financial assistance through grants. The Secretary of Housing and Urban Development will set up a program that distributes funds to states and...

    Simple Explanation

    H.R. 8714 is a plan to help people buy their first home by giving them money to help pay for things like the down payment and repairs. People who get this help also need to take a money class, and if they sell the home quickly, they might have to give some money back.

  • S. 4824 — To make housing more affordable, and for other purposes.
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    Status:Introduced in Senate
    Words:30,636

    The "American Housing and Economic Mobility Act of 2024" aims to make housing more affordable across the United States. It proposes providing grants to local entities to innovate in housing development, invest in affordable housing infrastructure, and support first-time homebuyers. The bill...

    Simple Explanation

    The bill wants to help people buy homes by providing money to build more affordable houses and fixing some old problems with buying them. It also suggests changes to tax rules to make them fairer, but everyone needs to be careful with the money so it's not wasted.

  • H. R. 8285 — To direct the Secretary of Housing and Urban Development to award grants to provide financial assistance to certain educators to make down payments on certain homes, and for other purposes.
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    Status:Introduced in House
    Words:1,933

    H.R. 8285, known as the "Educator Down Payment Assistance Act of 2024", proposes to help educators buy their first homes by providing grants. The bill instructs the Secretary of Housing and Urban Development to distribute these grants through eligible entities to educators,...

    Simple Explanation

    The Educator Down Payment Assistance Act of 2024 is a plan to give teachers some money to help them buy their first house, but they have to live in it and keep working as teachers for at least three years. The government plans to give out $30 million to help pay for this.