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H.R. 4495 · 117th Congress

Downpayment Toward Equity Act of 2021

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MWD WatersSponsor
65 cosponsors · 65 D
JAD Auchincloss CAD Axne EBD Blumenauer JBD Bowman ECD Cleaver YCD Clarke DED Evans AED Espaillat AGD Green VGD Gonzalez CGD García SGD Garcia BLD Lee TLD Lieu ALD Lawson GMD Moore END Norton AOD Ocasio-Cortez APD Pressley DRD Ross JSD Schakowsky LSD Sánchez ASD Sires RTD Tlaib RTD Torres NVD Velázquez NWD Williams AAD Adams CBD Bush SCD Cohen JCD Chu DCD Cicilline SHD Horsford JHD Hayes SJD Jackson Lee MJD Jones MKD Kaptur RKD Khanna BLD Lawrence GMD Meeks GMD Meng JND Nadler GND Napolitano MND Newman EPD Perlmutter DPD Payne BRD Rush MSD Strickland DSD Soto MSD San Nicolas DTD Titus PAD Aguilar SBD Bonamici TCD Cárdenas DDD Davis MDD Dean JMD McGovern ASD Schiff KBD Bass MSD Scanlon JGD Gomez MSD Stansbury MLD Levin RRD Ruiz PWD Welch

27 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes.

What it does: CRS summary · Introduced in House · Jul 16, 2021

Downpayment Toward Equity Act of 2021

This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes. Qualifying assistance includes assistance for mortgage down payments, mortgage closing costs, reduction of mortgage interest rates, subsidies for shared equity homes, or for certain preoccupancy modifications to a home to accommodate persons with disabilities.

The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Downpayment Toward Equity Act of 2021

Latest action (Jun 22, 2022): Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 23.

Policy area: Housing and Community Development · Origin: House · Introduced: Jul 16, 2021

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.