Creates a new HUD grant program that gives States and Indian tribes funding to help eligible people buy a home. The assistance can cover down payments, closing costs, interest-rate buydowns, and limited repairs or disability-related modifications. Each eligible buyer can receive up to $30,000 once, and the aid is not taxed as income.

States and tribes must submit annual plans, route at least 25% of State funds through community development financial institutions, and ensure recipients complete homebuyer financial counseling. If a recipient stops living in the home within five years, some or all of the assistance must be repaid. The program is funded at $6.7 billion per year from FY2026 through FY2030, with caps on administrative spending and resources for training and technical assistance. Three percent of total funds are reserved for Indian tribes.