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, letting eligible residents open a single savings account, contribute up to $10,000 (or $20,000 for joint accounts) per year, and withdraw the money tax‑free for qualified home‑buying expenses. It targets first‑time buyers to improve affordable‑housing access and promote economic stability.

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