S.967

Provides downpayment assistance to first-generation homebuyers to address multigenerational inequities in homeownership.

The Downpayment Toward Equity Act of 2025 aims 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. The Act authorizes $100 billion in grants for this purpose, which can be used for downpayment costs, closing costs, and interest rate reductions on eligible mortgage loans.