Iowa 2025-2026 Regular Session

Iowa House Bill HF2735

Introduced

3/9/26

Refer

3/9/26

Caption

A bill for an act relating to programs administered by the Iowa finance authority including the firsthome program and home ownership assistance program for military members, making appropriations, and including effective date provisions.

Impact

The bill appropriates $2.2 million from the state's general fund for the fiscal year 2025-2026, aimed at supporting the military home ownership assistance program. The funding will enhance access to homeownership for eligible service members, which may increase stability and community integration for military families. Furthermore, the initiative is designed to assist first-time homebuyers in overcoming financial barriers, potentially boosting the housing market in Iowa.

Summary

House File 2735 relates to programs administered by the Iowa finance authority, specifically targeting homeownership assistance for military members and first-time homebuyers. The bill includes provisions to codify the firsthome program, which aids eligible individuals by providing grants for down payments, closing costs, and second loans. To qualify for this program, applicants must meet specific requirements including household income limits, purchase price constraints, and must be classified as first-time homebuyers according to the bill's definitions.

Contention

While proponents of HF2735 may argue that the bill supports economic growth and provides necessary assistance to a deserving demographic, there may be concerns regarding the adequacy of funding and the stringent requirements set forth for applicants. Critics might question whether the limits imposed will effectively serve those who genuinely need help, as well as the long-term sustainability of such programs based on the evolving financial landscape.

Latest IA HF2735 Activity

View All Events: IA 2025-2026 Regular Session HF2735

Companion Bills

No companion bills found.

Previously Filed As

IA SF505

A bill for an act codifying a firsthome program administered by the Iowa finance authority.

IA SF2246

A bill for an act relating to the military home ownership assistance program, making appropriations, and including effective date provisions.

IA HF2169

A bill for an act requiring the Iowa finance authority to conduct a review of the firsthome program's household income limit.

IA SSB3129

A bill for an act providing for the beginning farmer tax credit program administered by the Iowa finance authority and department of revenue, providing for fees, and including effective date provisions.

IA HF2713

A bill for an act relating to education, including by modifying provisions related to charter schools, the Iowa public employees' retirement system, financing programs for charter schools and nonpublic schools administered by the Iowa finance authority, the statewide voluntary preschool program for the school start date, training and licensure, and making appropriations, and including applicability and retroactive applicability provisions.(Formerly HSB 735; See HF 2754.)

IA HF970

A bill for an act relating to the double up food bucks program, the supplemental nutrition assistance program and making appropriations and including effective date provisions. (Formerly HF 796, HSB 216.)

IA HF796

IA SF2422

A bill for an act relating to public assistance programs under the purview of the department of health and human services, including the supplemental nutrition assistance program, Medicaid, and the Iowa health and wellness plan, and including effective date provisions. (Formerly SSB 3140.) Effective date: Enactment, 01/01/2027.

IA HF2396

A bill for an act modifying provisions related to programs administered by the college student aid commission, including the skilled workforce shortage tuition grant program, Iowa workforce grant and incentive program, vocational-technical tuition grant program, the future ready Iowa skilled workforce last-dollar scholarship program, and the gap tuition assistance program, and making appropriations.

IA SF2175

A bill for an act relating to education, including by modifying provisions related to charter schools, the Iowa public employees' retirement system, financing programs for charter schools and nonpublic schools administered by the Iowa finance authority, the statewide voluntary preschool program for four-year-old children, education savings accounts, the school start date, independent accrediting agencies, teacher training and licensure, and making appropriations, and including applicability and retroactive applicability provisions.(See SF 2425, SF 2501.)

Similar Bills

IA SF505

A bill for an act codifying a firsthome program administered by the Iowa finance authority.

IA HF2169

A bill for an act requiring the Iowa finance authority to conduct a review of the firsthome program's household income limit.

OR HB3035

Relating to housing.

IA HF2745

A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, urban renewal areas, establishing a program for certain first-time homebuyers, establishing a local government efficiency grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 596.)

IA HSB563

A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, the election of certain county officers, urban renewal areas and urban revitalization areas, establishing a rent reimbursement program, establishing a program for certain first-time homebuyers, establishing a local government shared-services grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.

IA SSB3034

A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, the election of certain county officers, urban renewal areas and urban revitalization areas, establishing a rent reimbursement program, establishing a program for certain first-time homebuyers, establishing a local government shared-services grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.

IA SF2472

A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001.) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.

NM HB176

Create Zero Interest Down Payment Loan Fund