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118th Congress Finance and Financial Sector

H.R. 4231: Downpayment Toward Equity Act of 2023

Introduced

  1. Introduced (completed)Jun 21, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jun 21, 2023

This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes. Qualifying assistance includes assistance for mortgage down payments, mortgage closing costs, reduction of mortgage interest rates, subsidies for shared equity homes, or for certain preoccupancy modifications to a home to accommodate persons with disabilities.

The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

57

Who scored on this bill

12 points earned
  1. 1Maxine Waters D-CA SponsorIntroduced, reached a cosponsor milestone3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Maxine Waters

History

  1. Jun 21, 2023Introduced in the House by Maxine Waters.
Show the full action history (2 actions)
  1. Jun 21, 2023Introduced in House
  2. Jun 21, 2023Referred to the House Committee on Financial Services.