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HR 4573 118th Congress House Finance and Financial Sector

LIFT Homebuyers Act of 2023

Introduced: July 12, 2023 Introduced by: Cleaver, Emanuel Democratic · Missouri See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jul 12, 2023
Referred to the House Committee on Financial Services.
Jul 12, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Low-Income First-Time Homebuyers Act of 2023 or the LIFT Homebuyers Act of 2023

This bill establishes a program to provide fixed-rate 20-year mortgages for first-time, first-generation homebuyers whose incomes do not exceed a certain amount. These mortgages must be offered by the Federal Housing Administration (FHA) or the Rural Housing Service (RHS).

Pricing terms must be established (1) such that monthly mortgage payments under this program are similar to a 30-year FHA- or RHS-backed mortgage, or (2) as are determined to be necessary to develop liquidity for securities backed by covered mortgage loans and expand program participation by eligible homebuyers.

Additionally, program funds must be transferred to the Department of the Treasury for the purchase of securities backed by such mortgages.

What's happening now July 12, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 2295 Identical bill LIFT Homebuyers Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5
Trone, David
· Jul 19, 2023
 D
Beatty, Joyce
Ohio · Jul 12, 2023
 D
Green, Al
Texas · Jul 12, 2023
 D
Lynch, Stephen F.
Massachusetts · Jul 12, 2023
 D
Vargas, Juan
California · Jul 12, 2023
 D
Williams, Nikema
Georgia · Jul 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4573: LIFT Homebuyers Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4573/
MLA
"H.R. 4573: LIFT Homebuyers Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4573/.
Bluebook (legal)
H.R. 4573, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4573/.
Markdown link
[H.R. 4573: LIFT Homebuyers Act of 2023](https://openamerica.io/bill/118-HR-4573/)
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