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The first-time buyer program, called The Downpayment Toward Equity Act of 2023, fulfills a Biden Administration campaign promise: To give Americans down payment assistance for purchasing quality housing. First introduced as the Downpayment Toward Equity Act of 2021, the bill expired in the last congressional session. Then, in early-2023, after President Biden’s 2024 budget proposal earmarked $100 billion for a homebuyer cash grant program, the first-time buyer bill was reborn. #homebuying #homebuyer #firsttimehomebuyer #realestatetips #homebuyertips