Bills › 89th General Assembly
Codifying a first home buyer program administered by the Iowa finance authority
Where it is now
- Done: IntroducedFebruary 14, 2022
- Done: SubcommitteeFebruary 17, 2022
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The Iowa finance authority would officially run a program to help people buy their first home. Eligible buyers could receive help with down payments, closing costs, or special second loans. The program might also provide free title certificates to help new homeowners.1
Read the official explanation
This bill codifies the firsthome program administered by the Iowa finance authority and requires that the program be administered by the authority to provide down payment and closing cost assistance grants, second loans, free Iowa title guaranty owner’s certificates, or other assistance to eligible first-time homebuyers. “First-time homebuyer” and “second loan” are defined in the bill. The requirements for an individual to qualify for the program are detailed in the bill. The Iowa finance authority shall adopt rules as necessary to implement and administer the bill.
Senate subcommittee
Named February 17, 2022. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Similar bills
- SF 505 Codifying a firsthome program administered by the Iowa finance authority91st General Assembly · In committeeSimilar
Matched by wording or an identical title.