A bill for an act relating to programs administered by the Iowa finance authority including the firsthome program and home ownership assistance program for military members, making appropriations, and including effective date provisions.

Summary

The bill sets up the Firsthome program, giving down‑payment grants, second loans and other assistance to eligible first‑time homebuyers, including qualifying military members. It also earmarks $2.2 million for the existing military home‑ownership assistance program for FY 2025‑2026. Both programs are intended to make buying a home more affordable and become effective immediately.

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