# 119-hr-7244: First-Time Home Buyers Match Act

119-hr-7244, First-Time Home Buyers Match Act, is a 119th Congress bill sponsored by Rep. Bynum, Janelle S. [D-OR-5] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7244
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7244
- Congress: 119
- Title: First-Time Home Buyers Match Act
- Status: introduced
- Introduced: 2026-01-27
- Sponsor: Rep. Bynum, Janelle S. [D-OR-5] (D-OR)
- Cosponsors: 0
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Matching savings for first-time homebuyers.** This bill would create a HUD pilot that matches deposits in special savings accounts to help first-time buyers build down payments and cover closing costs. The pilot would start within a year, run five years, and target 20,000 eligible prospective borrowers each year. - Families and first-time buyers: Would provide a federal match equal to the lesser of 50 percent of a participant's annual deposit or $5,000. Eligible participants must be U.S. citizens 18 or older, meet the bill's first-time buyer definition, have no more than $75,000 in liquid assets, and earn at most 120 percent of area median income. - Home purchase terms: Matched funds could only be used for a down payment, title and closing costs, agent commissions, appraisal and inspection fees, loan origination fees, or qualified home repairs. The match is treated as a 36-month second mortgage that amortizes by 1/36 each month and must be repaid if the owner sells or stops living in the home. - Program rules and evaluation: HUD would establish qualifying savings accounts at insured banks or credit unions, limit matches if an account balance is at least 10 percent of the area's median single-family home value, and must report to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs within 180 days after the recapture date on participation, demographics, closings, defaults, repair costs, and overall effectiveness.

## Provisions PRIA read

- Matched savings for first-time buyers: mixed, high. If enacted, HUD would create a five-year pilot starting within one year. Each year the pilot would serve up to 20,000 first-time buyers. HUD would match the lesser of 50% of your yearly deposits or $5,000 into a qualifying savings account. HUD would not deposit if your account balance is at least 1…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-7244 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7244)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7244 (as of 2026-04-21).