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Educator Down Payment Assistance for First-Time Homebuyers

This act aims to help teachers, principals, and other school staff buy their first home. The program offers grants to cover down payment costs, closing costs, and interest rate reduction, significantly easing the initial financial burden of homeownership.
Key points
Educators and school staff can receive up to $25,000 for down payments or home purchase costs.
In high-cost areas, the grant amount may exceed $25,000.
To qualify, applicants must be first-time homebuyers and have worked in education for at least 3 years.
Completion of housing counseling is required before applying for a loan.
The purchased home must be used as a primary residence for at least 3 years, unless an emergency event occurs.
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Additional Information
Print number: 117_HR_8340
Sponsor: Rep. Swalwell, Eric [D-CA-15]
Process start date: 2022-07-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Educator Down Payment Assistance Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8340.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-12.

What are the main provisions?

Key points include:

  • Educators and school staff can receive up to $25,000 for down payments or home purchase costs.
  • In high-cost areas, the grant amount may exceed $25,000.
  • To qualify, applicants must be first-time homebuyers and have worked in education for at least 3 years.
  • Completion of housing counseling is required before applying for a loan.
  • The purchased home must be used as a primary residence for at least 3 years, unless an emergency event occurs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Swalwell, Eric [D-CA-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Real Estate Benefits