HB4051Introduced in the House
Relating to first-time homeownership; declaring an emergency.
Introduced by Werner Reschke, District 55
What does this bill do?
Plain-English breakdown
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Official description
The Act would have loans made to first-time home buyers to offset closing costs. The Act would make the loan plus interest due when the home is sold, the borrower moves out or, if the home is a mobile home, it is moved out of state. The Act would have the program run for three years. (Flesch Readability Score: 88.1). Creates a program for deferred loans to first-time home buyers in an amount not greater than the lesser of the closing costs on the purchase or one percent of the purchase price. Makes the deferred loans repayable when the home changes ownership, is no longer the homestead of the borrower or, if the home is mobile, is moved out of state. Retires the program after three years. Declares an emergency, effective on passage.
Where it stands
In committee upon adjournment.
March 6, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
First reading. Referred to Speaker's desk.
Referred to Housing and Homelessness with subsequent referral to Revenue.
Informational Meeting cancelled.
Informational Meeting held.
In committee upon adjournment.
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