House Bill Would Give First-Generation Homebuyers Up to $20,000 in Downpayment Aid
This bill is currently sitting in the House Committee on Financial Services. It has not moved since June 2025, and no action has been taken on it for 12 months. The bill is stalled because the committee must review it before it can move forward.
No action since June 2025
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 4231 (118th), which died when its Congress ended.
H.R. 4231 (118th) →How this policy affects specific groups of people
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Rep. Maxine Waters highlighted the Downpayment Toward Equity Act as a critical tool to address the racial wealth gap. The legislation would provide $100 billion in direct assistance to help first-time, first-generation homebuyers overcome high downpayment requirements.
Fact-check clarifies that the proposed $20,000 to $25,000 grants for first-generation homebuyers, as outlined in the Downpayment Toward Equity Act, are targeted at citizens and legal residents meeting specific income and first-generation criteria.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Downpayment Toward Equity Act of 2025
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