HB1598
First-time Homebuyer Grant Program; established.
Summary
As Passed House of Origin. First-time Homebuyer Grant Program.
Establishes a First-time Homebuyer Grant Program for the purpose of assisting first-time homebuyers with first-time homebuyer expenses, as those terms are defined in the bill. The bill provides that the Department of Housing and Community Development shall award eligible first-time homebuyers a grant in an amount equal to five percent ... (More) of such expenses incurred during a calendar year, not to exceed $10,000. Any grant awarded pursuant to the Program shall be repaid to the Commonwealth if the property for which expenses were incurred is sold within three years from the purchase date, unless the sale is made following a natural disaster or other act of God. (Less)-
Bill History
- 01/03/2025 - House: Prefiled and ordered printed; Offered 01-13-2025 25102857D
- 01/03/2025 - House: Referred to Committee on Finance
- 01/24/2025 - House: Impact statement from TAX (HB1598)
- 01/24/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/25/2025 - House: Assigned Finance sub: Subcommittee #3
- 01/25/2025 - House: Placed on Finance Agenda
- 01/27/2025 - House: Subcommittee recommends reporting and referring to Appropriations (5-Y 3-N)
- 01/28/2025 - House: Placed on Finance Agenda
- 01/29/2025 - House: Reported from Finance and referred to Appropriations (11-Y 10-N)
- 01/29/2025 - House: Referred to Committee on Appropriations
- 01/29/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 01/30/2025 - House: Placed on Appropriations Agenda
- 01/31/2025 - House: Reported from Appropriations with substitute (12-Y 10-N)
- 01/31/2025 - House: Committee substitute printed 25106520D-H1
- 02/02/2025 - House: Read first time
- 02/03/2025 - House: Read second time
- 02/03/2025 - House: Appropriations Substitute agreed to
- 02/03/2025 - House: Engrossed by House - committee substitute
- 02/04/2025 - House: Read third time and passed House (52-Y 47-N) Close Floor Vote
- 02/05/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/05/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/11/2025 - Senate: Passed by indefinitely in Finance and Appropriations (12-Y 1-N 2-A)
