I 
117TH CONGRESS 
2D SESSION 
H. R. 8340 
To direct the Secretary of Education to award grants to provide financial 
assistance to certain educators to make down payments on certain homes, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 12, 2022 
Mr. SWALWELL (for himself and Mrs. HAYES) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To direct the Secretary of Education to award grants to 
provide financial assistance to certain educators to make 
down payments on certain homes, and for other pur-
poses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Educator Down Pay-
ment Assistance Act of 2022’’. 
VerDate Sep 11 2014 
05:29 Jul 14, 2022
Jkt 029200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H8340.IH
H8340
kjohnson on DSK79L0C42PROD with BILLS
SEC. 2. FIRST-TIME HOMEBUYER DOWN PAYMENT ASSIST-
ANCE PROGRAM. 
(a) ESTABLISHMENT.—The Secretary of Education 
shall award grants, on a competitive basis, to eligible enti-
ties to award subgrants to eligible educators in accordance 
with subsection (d). 
(b) APPLICATION.—An eligible entity seeking a grant 
under this section shall submit to the Secretary an appli-
cation in such form, at such time, and containing such 
information as the Secretary determines appropriate, in-
cluding an assurance that such entity will utilize an exist-
ing, or establish a new, down payment assistance program 
to award subgrants to eligible educators. 
(c) GEOGRAPHIC AREAS.—In the case of a geo-
graphic area that is served by an eligible entity that is 
a unit of local government and an eligible entity that is 
a local educational agency, the Secretary may only award 
a grant to 1 such entity in such geographic area. 
(d) SUBGRANTS.— 
(1) IN GENERAL.—An eligible entity that re-
ceives a grant under subsection (a) shall use such 
grant funds to award subgrants to eligible educators. 
(2) APPLICATION.—An eligible educator seeking 
a subgrant under this subsection shall submit to the 
eligible entity an application in such form, at such 
time, and containing such information as the eligible 
VerDate Sep 11 2014 
05:29 Jul 14, 2022
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H8340.IH
H8340
kjohnson on DSK79L0C42PROD with BILLS
entity determines appropriate, including an assur-
ance that such educator will— 
(A) complete the housing counseling re-
quired under paragraph (8); and 
(B) use an eligible residential mortgage 
loan to purchase an eligible dwelling. 
(3) SUBGRANT USES.—An eligible educator that 
receives a subgrant under this subsection shall use 
such subgrant funds to pay, with respect to the pur-
chase of an eligible dwelling using an eligible resi-
dential mortgage loan, for— 
(A) direct down payment costs associated 
with such purchase; 
(B) closing costs associated with such pur-
chase; and 
(C) costs related to reducing the rates of 
interest on such eligible residential mortgage 
loan associated with such purchase. 
(4) SUBGRANT AMOUNT.— 
(A) IN
GENERAL.—Except as provided 
under subparagraph (B), a subgrant awarded 
under this subsection may not exceed $25,000. 
(B) EXCEPTION.—In the case of an eligi-
ble educator purchasing an eligible dwelling 
that is located in a high-cost area (as deter-
VerDate Sep 11 2014 
05:29 Jul 14, 2022
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H8340.IH
H8340
kjohnson on DSK79L0C42PROD with BILLS
mined by the Secretary based on area median 
income), a subgrant awarded under this sub-
section may exceed $25,000. 
(5) SUBGRANT
LIMIT.—An eligible educator 
may only receive 1 subgrant under this subsection. 
(6) ADDITIONAL
FUNDS.—An eligible entity 
may award a subgrant under this subsection to an 
eligible educator who is receiving funds from other 
sources, including other State, Federal, local, pri-
vate, public, and nonprofit sources, for the purpose 
of purchasing an eligible dwelling. 
(7) OCCUPANCY REQUIREMENT.— 
(A) IN
GENERAL.—An eligible educator 
who is awarded a subgrant under this sub-
section and makes a down payment on an eligi-
ble dwelling with such subgrant funds shall use 
such dwelling as a primary residence for a pe-
riod of not less than 3 years. 
(B) ENFORCEMENT.— 
(i) RETURN OF FUNDS.—An eligible 
educator who does not comply with the re-
quirement under subparagraph (A) shall 
return to the eligible entity the total 
amount of the subgrant funds awarded to 
such educator under this subsection. 
VerDate Sep 11 2014 
05:29 Jul 14, 2022
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H8340.IH
H8340
kjohnson on DSK79L0C42PROD with BILLS
(ii) TIMING.—Such funds shall be re-
turned in accordance with clause (i) not 
later than 1 year after such educator 
ceases to use such dwelling as a primary 
residence in violation of the requirement 
under subparagraph (A). 
(iii) EXCEPTION.—An eligible educa-
tor who does not comply with the require-
ment under subparagraph (A) due to an 
emergency event shall not be required to 
return subgrant funds under clause (i). 
(8) HOUSING COUNSELING REQUIREMENT.— 
(A) IN
GENERAL.—An eligible educator 
shall provide to the eligible entity, in accordance 
with clause (iii), proof of completion of a pro-
gram of housing counseling that— 
(i) is offered— 
(I) by a housing counseling agen-
cy that is approved by the Depart-
ment of Housing and Urban Develop-
ment; and 
(II) in person, virtually, by tele-
phone, or by any other method deter-
mined by the Secretary to be accept-
able; 
VerDate Sep 11 2014 
05:29 Jul 14, 2022
Jkt 029200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H8340.IH
H8340
kjohnson on DSK79L0C42PROD with BILLS