First-Time Homeowners Assistance Act of 2019

Summary

First-Time Homeowners Assistance Act of 2019 This bill establishes a tax-exempt qualified first-time homeowner assistance program. Under such a program, a person may make cash contributions to a first-time homeowner assistance account. The bill defines "first-time homeowner assistance account" as an account for providing down payment assistance to an account beneficiary who is a first-time homeowner of a principal residence in the United States. The amount of such downpayment assistance cannot exceed 10% of the cost of acquiring, constructing, or substantially improving the residence.

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Timeline

1. 30 July 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 2019

  Open at official source

Sponsors

• Al Lawson · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Henry Cuellar · D · Cosponsor
• Rep. Foster, Bill [D-IL-11] · D · Cosponsor
• · hswm00 · Standing

Related records

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