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first-time homebuyers
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- 1Senate bill would give first-time homebuyers up to $50,000 match●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 proposes a 5-to-1 match from the Department of Housing and Urban Development for first-time homebuyers who save up to $10,000, capped at $50,000 in assistance. The property must be priced at or below the area median, and only personal savings count toward the match. Personal finance commentators are highlighting the proposal as a potentially significant boost for affordability.