AN ACT TO AMEND TITLE 25 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE HOMEOWNERSHIP USING SAVINGS AND EARNINGS PLAN ACT.

Summary

The bill establishes the Homeownership Using Savings and Earnings (HOUSE) Plan, a tax‑advantaged account that lets Delaware residents save up to $10,000 (or $20,000 for joint accounts) for down‑payment and other home‑purchase costs, with income limits and a 20‑year use rule. It also creates a five‑member HOUSE Plan Board to design, administer, and eventually hand off the program to the existing Plans Management Board.

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