SB343 amends Delaware Code to establish the Homeownership Using Savings and Earnings Plan (HOUSE Plan) for first-time home buyers.
SB343 amends Delaware Code to establish the Homeownership Using Savings and Earnings Plan (HOUSE Plan) to promote housing stability and economic opportunities for homeownership. The HOUSE Plan allows first-time home buyers to save for eligible home purchase expenses in a convenient and cost-effective manner. The Board overseeing the HOUSE Plan can enter into contracts for necessary services, establish investment strategies, and adopt rules to govern the Plan.
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