Pennsylvania SB753 establishes the Put Down Roots PA Pilot Program to provide student loan relief for first-time homebuyers.

Pennsylvania SB753 creates the Put Down Roots PA Pilot Program within the Pennsylvania Higher Education Assistance Agency. The program aims to provide student loan relief for individuals purchasing a home in Pennsylvania for the first time. Eligible applicants must have never owned a home in the state, agree to reside in the home for at least three years, and have an annual household income not exceeding $200,000. Grants are capped at $40,000 or the individual's student loan debt, whichever is less, and cannot exceed 15% of the home's purchase price.

Pennsylvania SB753 establishes the Put Down Roots PA Pilot Program to provide student loan relief for first-time homebuyers.

Pennsylvania SB753 creates the Put Down Roots PA Pilot Program within the Pennsylvania Higher Education Assistance Agency. The program aims to provide student loan relief for individuals purchasing a home in Pennsylvania for the first time. Eligible applicants must have never owned a home in the state, agree to reside in the home for at least three years, and have an annual household income not exceeding $200,000. Grants are capped at $40,000 or the individual's student loan debt, whichever is less, and cannot exceed 15% of the home's purchase price.