LAHOOD, COLLEAGUES INTRODUCE BIPARTISAN BILL TO EXPAND ACCESS TO LOW-INTEREST MORTGAGES FOR FIRST-TIME HOMEBUYERS

Washington, Aug. 10 -- Congressman Darin LaHood issued the following press release:

Today, Representatives Darin LaHood (IL-16), Jimmy Panetta (CA-19), Blake Moore (UT-01), and Tom Suozzi (NY-01) introduced the First-Time Homebuyer Affordability Act, bipartisan legislation to expand access to low-interest mortgages for first-time, low- to medium-income homebuyers.

"Rising housing costs are being felt in rural, urban, and suburban communities across Illinois," said Rep. LaHood. "The First-Time Homebuyer Affordability Act is a commonsense, bipartisan solution that will help more first-time homebuyers access affordable, low-interest mortgages without taking resources away from other critical housing programs. By expanding access to financing...