An Act relative to first-time home buyers savings accounts
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to create a new savings account specifically designed to help first-time homebuyers in Massachusetts. The account would likely offer matching contributions to encourage individuals to save for a down payment on a home. The goal is to increase homeownership rates and promote economic mobility within the state.
Key provisions
- Establishment of a first-time homebuyer savings account.
- Potential for matching contributions to encourage savings.
- Targeted at residents of Massachusetts.
- Likely administered through a state agency.
- Could include provisions for income limits or other eligibility criteria.
Who is affected
- First-time homebuyers
- Massachusetts residents
- Individuals seeking to purchase a home
Notable changes
- Could represent a new state-sponsored program to support homeownership.
- May complement existing programs aimed at assisting homebuyers.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours