US S. 967

Provides downpayment assistance grants specifically to first-generation homebuyers (neither parent or guardian ever owned a home). Targets the multigenerational racial homeownership gap. Eligible homes include condos, co-ops, and manufactured housing. Requires states to affirmatively further fair housing to receive funds. Sponsors: Multiple Democratic senators. Referred to Banking Committee.

Status

Introduced

Topic

Downpayment Toward Equity Act of 2025

Session

119th Congress