Housing for Our Hometown Heroes Act

This bill would require the Secretary of Housing and Urban Development to send Congress a report within 180 days. The report would study whether the Federal Housing Administration could run a program that lets first-time homebuyers who are first responders or school teachers get FHA-insured mortgages without a down payment. The report would cover the program's costs, effects on the FHA insurance fund, possible fees to keep it solvent, and how it would affect these workers' ability to buy a home. If the program is found not feasible, the report would suggest alternatives, and HUD would consult with the Department of Veterans Affairs about its home loan program.

Full text and official record on Congress.gov

Sponsors

• Tom Barrett Republican sponsor
• 0 cosponsors