Skip to main content
S. 2920 117th Congress Senate

Downpayment Toward Equity Act of 2021

Official title: A bill to provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ul… Show full official titleShow less

Official 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.

Introduced: September 30, 2021 Introduced by: Raphael G. Warnock Democratic · Georgia See on congress.gov
Housing and Community Development Building constructionCongressional oversightGovernment information and archivesGovernment studies and investigations
More subjectsShow fewer subjects
Housing and community development fundingHousing finance and home ownershipInterest, dividends, interest ratesIntergovernmental relations
Sign in to write a letter Sign in to watch
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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 22, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-848.
Feb 10, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sep 30, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 30, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 22, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Plain-English summary Congressional Research Service

Downpayment Toward Equity Act of 2021

This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain 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 preoccupancy modifications to a home to accommodate persons with disabilities.

The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.

 Related & companion bills 2
  • HR 4495 Identical bill Downpayment Toward Equity Act of 2021
  • HR 4497 Housing is Infrastructure Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Padilla, Alex
California · Jun 14, 2022
 D
Kaine, Tim
Virginia · Sep 30, 2021
 D
Van Hollen, Chris
Maryland · Sep 30, 2021
 D
Warner, Mark R.
Virginia · Sep 30, 2021
 D
Warren, Elizabeth
Massachusetts · Sep 30, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2920: Downpayment Toward Equity Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2920/
MLA
"S. 2920: Downpayment Toward Equity Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2920/.
Bluebook (legal)
S. 2920, 117th Cong. (2026), https://openamerica.io/bill/117-S-2920/.
Markdown link
[S. 2920: Downpayment Toward Equity Act of 2021](https://openamerica.io/bill/117-S-2920/)
Report a problem