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Downpayment Toward Equity Act of 2021
Legislative Progress
Introduced
September 30, 2021
Latest Action
June 22, 2022
Primary Sponsor
Raphael G. WarnockDemocratic(GA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
94pct
265d open
vs 5,357 other S bills in the 117th — cohort avg 38d
Downpayment Toward Equity Act of 2021 This bill establishes a grant program through the Department of Housing and Urban Development for states and other entities to provide qualifying assistance to certain first-time, first-generation home buyers in purchasing their first homes. Qualifying assistance includes assistance for mortgage down payments, mortgage closing costs, reduction of mortgage interest rates, subsidies for shared equity homes, or for certain preoccupancy modifications to a home to accommodate persons with disabilities. The bill also establishes grant requirements regarding home buyer income, types of housing, homeowner occupancy, types of mortgages, and home buyer counseling.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2022 · second_quarter · Housing
Homeowner Assistance Fund, reviewing implementation and challenges Implementation and potential revisions to the Community Reinvestment Act Automated Valuation Models (AVM) Servicing of pandemic related forclosure assistance Urging revisions and support for Home Mortgage Disclosure Act requirements Defect taxonomy for servicing FHA loan reviews FHA proposalto allow for 40 year loan modification Reducing mortgage insurance premiums as a new step in loss mitigation Reducing mortgage insurance premiums for new loan originations Extending unused VA home loan guarantee benefits to veterans descendants to narrow the racial homeownership gap Enhancements to FHA's COVID loss mitigation waterfall to address rising interest rates Improvements to the mortgage servicing process H.R. 68 - Housing Fairness Act, a bill to expand efforts to detect and address housing discrimination H.R. 449/S.2920 - Downpayment Toward Equity Act, a bill to provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes S.1684 - Federal Home Loan Bank's Community Financial Institutions Expansion Act, a bil to strengthen the ability of the Federal Home Loan Bank system to provide financing H.R. 8328 - Fair Manufactured Housing Lending Act, a bill to amend the Truth in Lending Act to include retailers of manufactured or modular homes in the definition of mortgage originator, and for other purposes H.R. ___ - Preventing Unfair Foreclosures Act of 2022, a bill to improve the mortgage servicing process for homeowners by providing additional protections with the goal of ensuring homeowners can remain in their homes whenever possible, and for other purposes. Nomination of Sandra Thompson to the Federal Housing Finance Agency Nomination of Julia Gordon to the Federal Housing Administration
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $80,000 · Firm income: Not reported
Government targets: Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2022 · first_quarter · Real Estate/Land Use/Conservation
H.R. 4497 - Housing is Infrastructure Act of 2021 H.R. 4495 - Downpayment Toward Equity Act of 2021 H.R. 2143 - Neighborhood Homes Investment Act H.R. 2553 - Real Estate Valuation Fairness and Improvement Act of 2021 S. 98 - Neighborhood Homes Investment Act S. 2920 - Downpayment Toward Equity Act of 2021 PN1519 - Nomination of David Uejio to be Assistant Secretary of Housing and Urban Development PN433 - Nomination of Solomon Jeffrey Greene to be Assistant Secretary of Housing and Urban Development PM767 - Nomination of Julia Gordon to be Assistant Secretary of Housing and Urban Development PN1491 - Nomination of Sandra L. Thompson to be Director of the Federal Housing Finance Agency
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Housing
Homeowner Assistance Fund, reviewing implementation and challenges, particularly in California Appropriations for Departments of Transportation, and Housing and Urban Development, and related agencies Servicing of pandemic related forclosure assistance Defect taxonomy for servicing FHA loan reviews H.R. 449/S.2920 - Downpayment Toward Equity Act, a bill to provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes S.1684 - Federal Home Loan Bank's Community Financial Institutions Expansion Act, a bil to strengthen the ability of the Federal Home Loan Bank system to provide financing H.R. ___ - Fair Manufactured Housing Lending Act, a bill to amend the Truth in Lending Act to include retailers of manufactured or modular homes in the definition of mortgage originator, and for other purposes Nominations for FHA, HUD, FHFA
Client expense: $80,000 · Firm income: Not reported
Government targets: Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2021 · fourth_quarter · Housing
Low-income housing tax credit ( Point of Order) LIHTC changes LIHTC Research Bills: S.2820 "Decent, Affordable, Safe Housing (DASH) Act" H.R.5219 "Affordable Housing Equity Act of 2021" H.R. 4495 Downpayment Toward Equity Act of 2021 S. 2920 Downpayment Toward Equity Act of 2021 H.R. 4497 Housing is Infrastructure Act of 2021
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Real Estate/Land Use/Conservation
H.R. 4497 - Housing is Infrastructure Act of 2021 H.R. 4495 - Downpayment Toward Equity Act of 2021 H.R. 2143 - Neighborhood Homes Investment Act S. 98 - Neighborhood Homes Investment Act S. 2920 - Downpayment Toward Equity Act of 2021 PN433 - Nomination of Solomon Jeffrey Greene to be Assistant Secretary of Housing and Urban Development PM767 - Nomination of Julia Gordon to be Assistant Secretary of Housing and Urban Development
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Housing
COVID foreclosure timeline clarifications to promote modifications GSE Equitable Housing Finance Plans and Affordable Housing Goals Homeowner Assistance Fund, reviewing implementation and challenges Appropriations for Departments of Transportation, and Housing and Urban Development, and related agencies Extension and servicing of pandemic related forclosure assistance Servicing of consumers with Limited English Proficiency H.R. 449/S.2920 - Downpayment Toward Equity Act, a bill to provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes. H.R.2143/S.98 - Neighborhood Homes Investment Act, a bill establishing a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values Nominations for HUD, FHA
Client expense: $70,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Education, Dept of, Federal Deposit Insurance Corporation (FDIC), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Credit Union Administration (NCUA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of
2021 · third_quarter · Real Estate/Land Use/Conservation
H.R. 4497 - Housing is Infrastructure Act of 2021 H.R. 4495 - Downpayment Toward Equity Act of 2021 H.R. 4791 - Protecting Renters from Evictions Act of 2021 H.R. 2143 - Neighborhood Homes Investment Act S. 98 - Neighborhood Homes Investment Act S. 2920 - Downpayment Toward Equity Act of 2021 S. 2578 - Protecting Renters from Evictions Act of 2021 PN433 - Nomination of Solomon Jeffrey Greene to be Assistant Secretary of Housing and Urban Development
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
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