Rosen Helps Introduce Bill to Lower Costs for First-Time Homebuyers

WASHINGTON, DC– U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in introducing legislation to lower costs for first-time homebuyers. The current housing affordability crisis has hit Nevada particularly hard—Las Vegas home prices areat an all-time high. TheFirst-Time Homebuyer Tax Credit Actwill create a tax credit worth up to 10 percent of a home’s purchase price, up to $15,000, for low- and moderate-income first-time homebuyers. This credit would be available at the point of sale to help individuals and families without sufficient funds for a down payment to afford a home.
“The Trump Administration’s reckless policies are raising housing costs across the board and making it more difficult for hardworking Nevadans to achieve the American Dream,”said Senator Rosen. “I’m proud to help introduce a bill to help lower costs and make it easier for first-time homebuyers to afford a down payment. I’ll keep fighting to lower housing costs for hardworking families in our state.”
Senator Rosen has been fighting to lower housing costs for Nevadans. She recentlyjoined a bipartisan billto help lower housing costs and incentivize housing development in Nevada. Senator Rosen has also pushed the Trump Administration toreverse courseon imposing tariffs on Canada and Mexico to prevent housing prices from rising even further. She alsoled her colleagues in a letterto Senate appropriators requesting they fund the U.S. Department of Housing and Urban Development’s Veterans Affairs and Supportive Housing program.
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