Increasing Homeownership for Servicemembers Act

Bill: 117-hr-7563
Sponsor: full_name: Rep. Strickland, Marilyn [D-WA-10]
Introduced: 2022-04-21
Policy area: Armed Forces and National Security
Latest action: action_date: 2022-04-21
text: Referred to the House Committee on Armed Services.

Summaries:
action_date: 2022-04-21
action_desc: Introduced in House
text: <p><strong>Increasing Homeownership for Servicemembers Act</strong></p> <p>This bill requires the Department of Defense to seek to enter into an agreement with a federally funded research and development center or nonprofit entity to study and report on the barriers to home ownership for members of the Armed Forces.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 7563 IN THE HOUSE OF REPRESENTATIVES April 21, 2022 Ms. Strickland introduced the following bill; which was referred to the Committee on Armed Services A BILL To direct the Secretary of Defense to seek to enter into an agreement with an entity to conduct a study and produce a report on barriers to home ownership for members of the Armed Forces.

1. Short title This Act may be cited as the Increasing Homeownership for Servicemembers Act . 2. Study and report on barriers to home ownership for members of the Armed Forces Not later than one year after the date of the enactment of this Act, the Secretary of Defense shall seek to enter into an agreement with a federally funded research and development center or non-profit entity to conduct a study on the barriers to home ownership for members of the Armed Forces. At the conclusion of such study, the Secretary shall submit to the Committees on Armed Services of the Senate and House of Representatives, a report containing the following elements: (1) Potential barriers to home ownership, including down payments, concerns about home maintenance, and challenges in selling a home. (2) The percentage of members who use the basic allowance for housing to pay for a mortgage, disaggregated by Armed Force, rank, and military housing area. (3) Any identified differences in home ownership rates among members correlated with race or gender. (4) What percentage of members own a home before they separate from the Armed Forces.