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first-time homebuyers
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- 1Senate bill would match first-time homebuyer savings 5-to-1●New Senate bill: first-time homebuyers who save up to $10,000 would get a 5-to-1 HUD match, capped at $50,000. Homes mus
A new Senate bill would give first-time homebuyers a 5-to-1 federal match on savings of up to $10,000, capped at $50,000, administered through HUD. The match would apply only to personal savings and only for homes priced at or below the area median. Commentators are weighing whether the program would meaningfully help buyers priced out of the market.