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        <title>Downpayment Toward Equity Act of 2023</title>
        <congress>118</congress>
        <number>4231</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-06-21</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2024-03-12</actionDate>
        <text>Introduced in Senate</text>
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        <fullName>Sen. Warnock, Raphael G. [D-GA]</fullName>
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        <fullName>Sen. Butler, Laphonza R. [D-CA]</fullName>
        <firstName>Laphonza</firstName>
        <lastName>Butler</lastName>
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        <state>CA</state>
        <sponsorshipDate>2024-03-12</sponsorshipDate>
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        <fullName>Sen. Brown, Sherrod [D-OH]</fullName>
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        <lastName>Brown</lastName>
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        <state>OH</state>
        <sponsorshipDate>2024-03-12</sponsorshipDate>
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        <fullName>Sen. Van Hollen, Chris [D-MD]</fullName>
        <firstName>Chris</firstName>
        <lastName>Van Hollen</lastName>
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        <state>MD</state>
        <sponsorshipDate>2024-03-12</sponsorshipDate>
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        <fullName>Sen. Padilla, Alex [D-CA]</fullName>
        <firstName>Alex</firstName>
        <lastName>Padilla</lastName>
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        <sponsorshipDate>2024-03-14</sponsorshipDate>
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        <bioguideId>W000805</bioguideId>
        <fullName>Sen. Warner, Mark R. [D-VA]</fullName>
        <firstName>Mark</firstName>
        <lastName>Warner</lastName>
        <party>D</party>
        <state>VA</state>
        <middleName>R.</middleName>
        <sponsorshipDate>2024-03-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000384</bioguideId>
        <fullName>Sen. Kaine, Tim [D-VA]</fullName>
        <firstName>Timothy</firstName>
        <lastName>Kaine</lastName>
        <party>D</party>
        <state>VA</state>
        <middleName>M.</middleName>
        <sponsorshipDate>2024-03-20</sponsorshipDate>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2024-04-03T19:15:20Z</updateDate>
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    <summaries>
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        <actionDate>2024-03-12</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2025-03-19T16:49:29Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;strong&gt;Downpayment&amp;nbsp;Toward Equity Act of 2024 &lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to low-income, 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 modifications to a home to accommodate persons with disabilities.&lt;/p&gt;&lt;p&gt;The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.&lt;/p&gt;</text>
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    <title>Downpayment Toward Equity Act of 2024</title>
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        <titleType>Display Title</titleType>
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        <title>Downpayment Toward Equity Act of 2024</title>
        <updateDate>2024-07-24T15:18:57Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Downpayment Toward Equity Act of 2024</title>
        <updateDate>2024-05-24T13:33:42Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
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        <title>A bill 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.</title>
        <updateDate>2024-03-26T04:28:58Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <type>Introduced in Senate</type>
        <date>2024-03-12T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118s3930is/xml/BILLS-118s3930is.xml</url>
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    <latestAction>
      <actionDate>2024-03-12</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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