H.R. 4495 (IH) - Downpayment Toward Equity Act of 2021 - BILLS-117hr4495ih | Content Details

H.R. 4495 (IH) - Downpayment Toward Equity Act of 2021

Action: Ms. Waters (for herself, Mr. Green of Texas, Ms. Pressley, Mr. García of Illinois, Ms. Garcia of Texas, Mrs. Axne, Mr. Cleaver, Ms. Velázquez, Mr. Lawson of Florida, Ms. Ocasio-Cortez, Ms. Tlaib, Mr. Torres of New York, Ms. Williams of Georgia, Mr. Auchincloss, Mr. Lieu, Ms. Lee of California, Mr. Sires, Ms. Clarke of New York, Mr. Evans, Mr. Espaillat, Ms. Moore of Wisconsin, Mr. Blumenauer, Ms. Norton, Mr. Bowman, Ms. Ross, Ms. Schakowsky, Ms. Sánchez, and Mr. Vicente Gonzalez of Texas) introduced the following bill; which was referred to the Committee on Financial Services

Full Title: To provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes.

Cosponsors: Al Green (TX); Ayanna Pressley (MA); Sylvia R. Garcia (TX); Cynthia Axne (IA); Emanuel Cleaver (MO); Nydia M. Velazquez (NY); Al Lawson, Jr. (FL); Alexandria Ocasio-Cortez (NY); Rashida Tlaib (MI); Ritchie Torres (NY); Nikema Williams (GA); Jake Auchincloss (MA); Ted Lieu (CA); Barbara Lee (CA); Albio Sires (NJ); Yvette D. Clarke (NY); Dwight Evans (PA); Adriano Espaillat (NY); Gwen Moore (WI); Earl Blumenauer (OR); Eleanor Holmes Norton (DC); Jamaal Bowman (NY); Deborah K. Ross (NC); Janice D. Schakowsky (IL); Linda T. Sanchez (CA); Vicente Gonzalez (TX)

United States Code References: 12 U.S.C. 1463, 1707, 1715z-13a and 4702
15 U.S.C. 1639c(b)(2)
25 U.S.C. 4103
38 U.S.C. Chapter 37
42 U.S.C. 1471 and 3608