Iowa HF2735 establishes the firsthome program and appropriates funds for military home ownership assistance.

Iowa HF2735 establishes the firsthome program, administered by the Iowa finance authority, to provide assistance to eligible first-time homebuyers. The program offers grants for down payment and closing costs, second loans, and other aid. To qualify, applicants must meet specific criteria, including being a first-time homebuyer, meeting income eligibility, and occupying the home as a primary residence. The bill also appropriates $2.2 million for the military home ownership assistance program, which supports current and former members of the United States armed forces in purchasing homes.

Iowa HF2735 establishes the firsthome program and appropriates funds for military home ownership assistance.

Iowa HF2735 establishes the firsthome program, administered by the Iowa finance authority, to provide assistance to eligible first-time homebuyers. The program offers grants for down payment and closing costs, second loans, and other aid. To qualify, applicants must meet specific criteria, including being a first-time homebuyer, meeting income eligibility, and occupying the home as a primary residence. The bill also appropriates $2.2 million for the military home ownership assistance program, which supports current and former members of the United States armed forces in purchasing homes.