Home of Your Own Act of 2025

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 HR 2064, also known as the Homeownership Assistance Grants Program Act, aims to create a program under the Department of Housing and Urban Development (HUD) that would provide grants to assist individuals in achieving homeownership. The bill does not specify the exact criteria for eligibility or the amount of assistance that would be provided, but it does outline the general purpose of the program.

The goal of the program is to help individuals who may not have the financial means to purchase a home on their own. This could include low-income individuals, first-time homebuyers, or individuals facing other financial barriers to homeownership. By providing grants, the program aims to make homeownership more accessible and attainable for a wider range of individuals.

In addition to providing homeownership assistance grants, the bill also includes provisions for other purposes related to housing and urban development. These additional purposes are not specified in the summary, but could potentially include measures to address housing affordability, promote sustainable homeownership, or support community development initiatives. Overall, Bill 119 HR 2064 seeks to establish a program that would provide assistance to individuals seeking to achieve homeownership, with the ultimate goal of increasing access to homeownership and promoting stability and prosperity in communities across the United States.