Davis champions bill to support first-time homebuyers in PA
HARRISBURG, May 1 – State Rep. Tina Davis, D-Bucks, today joined fellow House members at a Capitol news conference to discuss legislation that would create a First-Time Home Buyer Savings Account in Pennsylvania.
Davis is a sponsor of House Bill 1981, which would help first-time homeowners deposit money into a savings account to go toward the purchase of a home. In return, the money they save could be deducted from their state income tax.
“We understand the obstacles Pennsylvanians can face when trying to save for a home,” Davis said. “Whether you are just starting out or find it hard to save due to financial hardships, this legislation opens the door for homeownership.”
The House Urban Affairs Committee approved the bill in early April. It’s now before the full House for consideration.
“Homeownership should not be out of reach for hard working residents and I believe today we are providing the necessary tools,” said Davis.