HR 8709 · 119th Congress

Homeownership Savings Act

This bill creates a new type of savings account called a Homeownership Savings Account (HSA) designed to help first-time homebuyers save money for down payments and closing costs. Here's how it works: individuals can contribute up to $2,000 to $3,000 per year (depending on filing status) to these accounts, and they…

Sponsor

Stevens, Haley M. (D-Michigan)

Introduced

2026-05-07

Policy area

Taxation