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HR 2863 117th Congress House Taxation Housing finance and home ownership Income tax credits Military personnel and dependents

First-Time Homebuyer Act of 2021

Introduced: September 17, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2021
Referred to the House Committee on Ways and Means.
Apr 28, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

First-Time Homebuyer Act of 2021

This bill modifies the first-time homebuyer tax credit. Specifically, it increases the allowable dollar amount of the credit from $8,000 to $15,000, revises the income formula for determining the maximum allowable credit amount, replaces the limitation on the credit based on purchase price (currently, $800,000) with a limitation based on area median purchase price, and revises rules relating to recapture of the credit and to members of the Armed Forces.

What's happening now April 28, 2021

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Levin, Mike
California · Dec 21, 2022
 D
Welch, Peter
Vermont · Nov 7, 2022
 D
Dean, Madeleine
Pennsylvania · Jul 1, 2022
 D
Titus, Dina
Nevada · Mar 15, 2022
 D
Underwood, Lauren
Illinois · Sep 17, 2021
 D
Bonamici, Suzanne
Oregon · Jun 14, 2021
 D
Panetta, Jimmy
California · Apr 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2863: First-Time Homebuyer Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2863/
MLA
"H.R. 2863: First-Time Homebuyer Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2863/.
Bluebook (legal)
H.R. 2863, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2863/.
Markdown link
[H.R. 2863: First-Time Homebuyer Act of 2021](https://openamerica.io/bill/117-HR-2863/)
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