Washington, Feb. 10 -- Congressman Tom Barrett issued the following press release:
Congressmen Tom Barrett (MI-07) and Tracey Mann (KS-01), along with Congressmen Mark Alford (MO-04) and Lou Correa (CA-46), today introduced the First-Time Homebuyer Empowerment Act (H.R. 7468 (https://barrett.house.gov/sites/evo-subsites/barrett.house.gov/files/evo-media-document/first-time-homebuyer-empowerment-act.pdf)), which would help families afford a home by allowing them to put unused college savings toward a down payment.
"Too many families can't afford homes that work for them, plain and simple," said Barrett. "An easy first step towards changing that reality is to let homebuyers tap into unused college savings in their 529 accounts and put them ...