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.