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United States · Bill · S

S. 2920 (117th)

Downpayment Toward Equity Act of 2021

openUnited States· United States Congress· EN

Introduced

30 September 2021

Last action

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Sponsors

Subjects

Discovery layer

Source updated

27 May 2026

Summary

Downpayment Toward Equity Act of 2021 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.

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Documents

3 official files

Introduced in Senate (text)

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