Codifying a firsthome program administered by the Iowa finance authority

Sponsored by Sen. Liz Bennett (D), Sen. Tony Bisignano (D), Sen. Matt Blake (D), Sen. Molly Donahue (D), Sen. William A. Dotzler Jr. (D), Sen. Sarah Trone Garriott (D), Sen. Izaah Knox (D), Sen. Janet Petersen (D), Sen. Herman C. Quirmbach (D), Sen. Art Staed (D), Sen. Thomas Townsend (D), Sen. Janice Weiner (D), Sen. Cindy Winckler (D), Sen. Mike Zimmer (D)

Topics:State government Housing & property

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Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedMarch 4, 2025
Done: SubcommitteeMarch 11, 2025
Stopped: Senate committeeDied when the General Assembly ended
Next: Passes the Senate
Next: House committeeFunnel: by March 20, 2026
Next: Passes the House
Next: To the Governor
Next: Signed into law

Died when the session ended The 2026 session adjourned on May 3, 2026, 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 second loans, with grants up to $10,000. This program also offers free title certificates to help people through the buying process.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 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.

Full bill text²

Senate subcommittee

Named March 11, 2025. 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

Iowa Code it changes

Creates§16.54A

How the Code works³

Lobbying

0 for · 0 against · 2 undecided · Who →

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

SF 2272 Codifying a first home buyer program administered by the Iowa finance authority
89th General Assembly · In committee · similar
Cleared committee

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