First-Time Homebuyer Assistance Program Amendments

Summary

The bill revises the amount of assistance a first‑time homebuyer can receive, setting a $20,000 cap for new‑construction homes and a $10,000 cap for existing homes. It also refines key definitions, adds rules on price adjustments, repayment, and program administration, and requires annual reporting. The changes aim to better target aid and ensure program integrity.

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