First-Time Homeowners Assistance Act of 2019
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First-Time Homeowners Assistance Act of 2019
This bill establishes a tax-exempt qualified first-time homeowner assistance program. Under such a program, a person may make cash contributions to a first-time homeowner assistance account.
The bill defines "first-time homeowner assistance account" as an account for providing down payment assistance to an account beneficiary who is a first-time homeowner of a principal residence in the United States. The amount of such downpayment assistance cannot exceed 10% of the cost of acquiring, constructing, or substantially improving the residence.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4120: First-Time Homeowners Assistance Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4120/
"H.R. 4120: First-Time Homeowners Assistance Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4120/.
H.R. 4120, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4120/.
[H.R. 4120: First-Time Homeowners Assistance Act of 2019](https://openamerica.io/bill/116-HR-4120/)