Massive Funding for Affordable Housing, Rent Relief, and First-Time Homebuyer Grants
This act allocates significant funding to build and repair affordable housing while providing down payment assistance grants for first-generation homebuyers. It also expands rental assistance vouchers for low-income families and funds safety improvements, such as lead paint removal, in residential buildings.
Key points
Establishment of down payment assistance grants (up to $20,000+) for first-generation homebuyers whose parents did not own a home.
Allocation of billions of dollars for the repair of public housing and the construction of new, energy-efficient rental units.
Expansion of housing vouchers for those at risk of homelessness and extremely low-income households.
Status:
Introduced
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