Maloney Introduces First Time Homeowner Savings Plan Act to Help Families Invest in First Home
"Rental costs are out of control and housing isn't getting any cheaper," said
"I support this bill wholeheartedly because I have three grown children, and they're about to look for a permanent place to live," said Assemblywoman
"Being allowed to invest up to
"Homeownership is the American Dream," said
"I am thrilled to see
"Homeownership is the foundation of our community," said Executive Director of the Orange County Rural Development Advisory Corporation
"We strongly support
High rents and high housing costs are making it increasingly difficult for first-time homebuyers to save money and invest in a home. Experts agree that home ownership is one of the best ways for middle-income families to achieve retirement security. Yet, first-time homebuyers make up only 32% of all buyers, which is the lowest rate since 1987. Additionally, the number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014, according to the
In 1997,
Read this original document at: https://seanmaloney.house.gov/media-center/press-releases/maloney-introduces-first-time-homeowner-savings-plant-act-to-help
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