Codifying a firsthome program administered by the Iowa finance authority

Where it is now

1. ✓
   Done: IntroducedMarch 4, 2025
2. ✓
   Done: SubcommitteeMarch 11, 2025
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
5. Next: House committeeFunnel: by March 20, 2026
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

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 maximum assistance that may be provided in the form of a grant to an individual under the firsthome program is $10,000. The Iowa finance authority shall adopt rules as necessary to implement and administer the bill.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

Senate subcommittee

Named March 11, 2025. It hasn’t reported yet.

• Sen. Ken Rozenboom REmail
• Sen. Jason Schultz REmail
• Sen. Art Staed DEmail

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

Iowa Code it changes

Creates§16.54A

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works