PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congressional Research Service
Version 00 · Introduced in Senate · Mar 11, 2025
Downpayment Toward Equity Act of 2025
This bill establishes a grant program through the Department of Housing and Urban Development (HUD) for states and other entities to provide qualifying assistance to low-income, 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 modifications to a home to accommodate persons with disabilities.
Grant amounts are generally limited to the greater of $20,000 or 10% of the purchase price of the home. HUD may increase the cap for socially and economically disadvantaged homebuyers or for purchases in high-cost areas.
The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.
People & committees
Sen. Warnock, Raphael G. [D-GA] · D–GA
Legislative record
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Primary sources
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Source last updated: Oct 28, 2026. Consult Congress.gov for the current record.
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