HOUSING: Creates the Dream Starter Act. (gov sig) (OR +$542,635 GF EX See Note)
Read second time by title and referred to the Committee on Finance.
Summary
The Dream Starter Act establishes a First‑Generation Home Buyer Assistance Fund, run by the Louisiana Housing Corporation, that provides forgivable loans for down‑payment and related costs. It targets first‑time buyers who have no family history of homeownership and requires them to complete education, obtain counseling, and live in the home as their principal residence. The aim is to expand homeownership for residents lacking generational wealth.
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