Downpayment Toward Equity Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 26
- Latest action
- Jun 23, 2025
What it does
The Downpayment Toward Equity Act of 2025 would establish a federal grant program administered by the Secretary of Housing and Urban Development to provide downpayment and related financial assistance to first-generation homebuyers—defined as individuals whose parents or legal guardians never owned a home (excluding heir property) and who are first-time buyers—to help address racial and multigenerational inequities in homeownership. Assistance, capped at the greater of $20,000 or 10% of the home’s purchase price (with possible increases for disadvantaged buyers or high-cost areas), can be used for downpayments, closing costs, interest rate reductions, shared equity home subsidies, or…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Maxine Waters
- Adelita Grijalva
- Al Green
- André Carson
- Ayanna Pressley
- Brittany Pettersen
- Cleo Fields
- Delia Ramirez
- Dwight Evans
- Eleanor Norton
- Emanuel Cleaver
- Emily Randall
- Ilhan Omar
- James McGovern
- Joyce Beatty
- Juan Vargas
- Nikema Williams
- Rashida Tlaib
- Ritchie Torres
- Salud Carbajal
- Seth Magaziner
- Seth Moulton
- Sylvia Garcia
- Teresa Leger Fernandez
- Valerie Foushee
- Yassamin Ansari
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.