Home of Your Own Act of 2025

This bill would set up a new grant program at the Department of Housing and Urban Development to help people buy homes. Within one year, HUD would send money to states and Indian tribes (3% set aside for tribes) to give $30,000, one-time grants to eligible homebuyers. The grants can cover down payments, closing costs, interest-rate buy-downs, and needed fixes before moving in, including accessibility changes for a household member with a disability. Grants can be combined with other aid and are not counted as taxable income. They also won’t be treated as a “prohibited source” for FHA down payment rules.

If a buyer doesn’t live in the home as their primary residence for five years, they may have to pay back part of the grant, unless there’s a hardship or they sell at a loss. States or tribes can place a lien to recover funds, and any recaptured money must be used to help other buyers. Before getting help, buyers must complete a homeownership counseling program. States must file an annual plan and route at least 25% of funds through community development financial institutions; tribes file annual plans too and may give preference to their members. Both can partner with nonprofits and CDFIs to deliver the aid. The bill authorizes $6.7 billion per year for 2026–2030, with limits on administrative costs (7% for states, 10% for tribes; HUD may use up to 3% for training and technical help) .

Key points

• Who is affected: Eligible homebuyers; states; Indian tribes; community development financial institutions.
• What changes: $30,000, one-time grants for buying a home and required repairs; counseling required; possible payback if you move out too soon; grants aren’t taxed and can be combined with other aid .
• When: HUD must launch the program within one year of enactment; funding is authorized for 2026–2030 .