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House
File
2169
-
Introduced
HOUSE
FILE
2169
BY
BAGNIEWSKI
A
BILL
FOR
An
Act
requiring
the
Iowa
finance
authority
to
conduct
a
review
1
of
the
firsthome
program’s
household
income
limit.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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5761YH
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91
nls/ko
H.F.
2169
Section
1.
IOWA
FINANCE
AUTHORITY
——
INCOME
THRESHOLDS
FOR
1
THE
FIRSTHOME
PROGRAM.
2
1.
The
Iowa
finance
authority
shall
conduct
a
review
of
3
the
firsthome
program
to
analyze
whether
the
household
income
4
limit
that
has
been
established
to
determine
eligibility
for
5
the
program
provides
adequate
assistance
to
individuals
in
the
6
state
to
purchase
their
first
home,
and
an
adequate
incentive
7
to
out-of-state
individuals
to
move
to
the
state,
and
the
8
impact,
if
any,
that
increasing
the
household
income
limit
9
would
have
on
participation
in
the
program.
10
2.
The
Iowa
finance
authority
shall
submit
a
report
to
the
11
general
assembly
on
or
before
January
11,
2027,
that
summarizes
12
the
authority’s
findings
and
provides
the
authority’s
13
recommendation
for
the
household
income
that
should
be
14
established
to
determine
eligibility
for
the
firsthome
program.
15
EXPLANATION
16
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
17
the
explanation’s
substance
by
the
members
of
the
general
assembly.
18
This
bill
requires
the
Iowa
finance
authority
(authority)
to
19
conduct
a
review
of
the
firsthome
program
to
analyze
whether
20
the
household
income
limit
to
determine
eligibility
for
the
21
program
provides
adequate
assistance
to
individuals
in
the
22
state
to
purchase
their
first
home,
and
an
adequate
incentive
23
to
out-of-state
individuals
to
move
to
the
state,
and
the
24
impact
that
increasing
the
household
income
limit
would
have
25
on
the
program.
26
The
authority
shall
submit
a
report
to
the
general
assembly
27
on
or
before
January
11,
2027,
that
summarizes
the
authority’s
28
findings
and
provides
the
authority’s
recommendations.
29
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