In CommitteeFiled Jan 27, 2026
Sponsor: Rep. Bynum, Janelle S. [D-OR-5] (D)
Latest Action
Referred to the House Committee on Financial Services.
Jan 27, 2026
Summary
The bill directs the Department of Housing and Urban Development to create a five‑year pilot that deposits a matching contribution—up to 50% of a participant’s annual savings or $5,000—into a qualifying savings account for 20,000 first‑time buyers. Participants must complete HUD‑certified counseling, use the funds only for home‑purchase costs or qualified repairs, and repay the match as a 36‑month second mortgage if they sell or leave the home.
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