HB 1598: First-time Homebuyer Grant Program; established.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

First-time Homebuyer Grant Program. Establishes a First-time Homebuyer Grant Program for the purpose of assisting first-time homebuyers with first-time homebuyer expenses, as those terms are defined in the bill. The bill provides that the Department of Housing and Community Development shall award eligible first-time homebuyers a grant in an amount equal to five percent of such expenses incurred during a calendar year, not to exceed $10,000. Any grant awarded pursuant to the Program shall be repaid to the Commonwealth if the property for which expenses were incurred is sold within three years from the purchase date, unless the sale is made following a natural disaster or other act of God.

Sponsors

Sponsors by party (alphabetical): Democratic 35

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 11, 2025Passed by indefinitely in Finance and Appropriations (12-Y 1-N 2-A)
2. February 5, 2025Referred to Committee on Finance and Appropriations
3. February 5, 2025Constitutional reading dispensed (on 1st reading)
4. February 4, 2025Read third time and passed House (52-Y 47-N)
5. February 3, 2025Engrossed by House - committee substitute
6. February 3, 2025Appropriations Substitute agreed to
7. February 3, 2025Read second time
8. February 2, 2025Read first time
9. January 31, 2025Committee substitute printed 25106520D-H1
10. January 31, 2025Reported from Appropriations with substitute (12-Y 10-N)
11. January 29, 2025Assigned Approps sub: Commerce Agriculture & Natural Resources
12. January 29, 2025Reported from Finance and referred to Appropriations (11-Y 10-N)

Showing 12 most recent of 18 actions. Full history