![]() The American Rescue Plan’s Homeowner Assistance Fund (HAF) has assisted nearly 400,000 homeowners at risk of foreclosure. The Treasury Department released data demonstrating how President Biden’s Investing in America agenda is supporting existing homeowners and helping more Americans access affordable homeownership through over $12 billion in support. New Data Shows Strong Investment in Homeownership ![]() The President has also proposed a $10 billion down payment assistance program that would ensure first-time homebuyers whose parents do not own a home can access homeownership alongside a $100 million down payment assistance pilot to expand homeownership opportunities for first-generation and/or low wealth first-time homebuyers. That is why President Biden proposed $16 billion for the Neighborhood Homes Tax Credit, which would result in more than 400,000 homes built or rehabilitated, creating a pathway for more families to buy a home and start building wealth. These actions make important strides, but given the lack of homes on the market and current interest rates, to truly ensure homeownership is accessible to all households, we need Congress to act. Today , the Biden-Harris Administration is releasing new data showing major federal investment in homeownership, and announcing key new actions to accelerate progress. The Biden-Harris Administration is committed to expanding access to homeownership, ensuring homeowners can afford to stay in their homes and make the repairs they need, and that the wealth building potential of homeownership works equally for everyone. Get Involved Show submenu for “Get Involved””įor millions of Americans homeownership is a foundation for so many parts of their lives, and for many it is also their primary source of wealth.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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