Delaware · 153rd General Assembly (2025-2026) · Bill
SB 343: AN ACT TO AMEND TITLE 25 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE HOMEOWNERSHIP USING SAVINGS AND EARNINGS PLAN ACT.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 343 is a bill introduced in the Delaware Senate on June 4, 2026. According to its official title, it concerns: AN ACT TO AMEND TITLE 25 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE HOMEOWNERSHIP USING SAVINGS AND EARNINGS PLAN ACT. Primary sponsor: Russ Huxtable (Democratic), Bryan Townsend (Democratic), Kendra Johnson (Democratic). It lists 10 additional sponsors. Most recent recorded action (June 12, 2026): Assigned to Finance Committee in Senate.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
This Act creates a first-time home buyers' savings plan, called the Homeownership Using Savings and Earnings Plan (the HOUSE Plan), to ignite future homeownership in Delaware by helping residents save for their first home. The HOUSE Plan offers a practical solution that encourages financial responsibility and long-term planning by allowing individuals to save and use funds for eligible costs associated with purchasing a home, such as down payments and closing costs, and costs associated with acquiring a rental lease for a primary residence, such as security deposits and payment of the first month of rent. Earnings on amounts held in in a HOUSE Plan account accrue free from Delaware income taxation. This Act sets how much account holders may contribute, both annually and over the lifetime of an account, and specifies annual income caps for eligibility to open an account. Funds must be used within 20 years after the account is opened. This Act also establishes the HOUSE Plan Board to oversee the design, implementation, and preliminary administration of the Plan. This Act makes homeownership more attainable, builds generational wealth, and strengthens communities, without direct state spending.
Sponsors
Sponsors by party (alphabetical): Democratic 13
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Russ Huxtable | Primary sponsor | Democratic | Senate | 6 |
| Bryan Townsend | Primary sponsor | Democratic | Senate | 11 |
| Kendra Johnson | Primary sponsor | Democratic | House | 5 |
| Alonna Berry | Co-sponsor | Democratic | House | 20 |
| Dan Cruce | Co-sponsor | Democratic | Senate | 1 |
| Krista Griffith | Co-sponsor | Democratic | House | 12 |
| Stephanie Hansen | Co-sponsor | Democratic | Senate | 10 |
| Kyra Hoffner | Co-sponsor | Democratic | Senate | 14 |
| Tizzy Lockman | Co-sponsor | Democratic | Senate | 3 |
| Marie Pinkney | Co-sponsor | Democratic | Senate | 13 |
| Claire Snyder-Hall | Co-sponsor | Democratic | House | 14 |
| Dave Sokola | Co-sponsor | Democratic | Senate | 8 |
| Jack Walsh | Co-sponsor | Democratic | Senate | 9 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Assigned to Finance Committee in Senate
- Reported Out of Committee (Housing & Land Use) in Senate with 6 Favorable
- Introduced and Assigned to Housing & Land Use Committee in Senate