How the Home Ownership Savings Act could help first-time homebuyers
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As affordability pressures continue to grow, helping first-time homebuyers is a problem that we’re still trying to solve as an industry. In this episode of Ten Minute Talks, Allison LaForgia speaks with Foyer CEO Landy Liu about the Home Ownership Savings Act and the bill’s potential to help homebuyers prepare financially for homeownership.
Liu discusses why dedicated tax-advantaged savings accounts could become an important part of the homeownership ecosystem, alongside mortgages, down payment assistance programs and financial education. He explores how the Home Ownership Savings Act could help consumers prepare years before they apply for a mortgage, which could have lasting implications for lenders, real estate professionals and the market.
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Ten Minute Talks are hosted by Allison LaForgia and produced by the HousingWire Content Studio and air weekly on Fridays. Subscribe to the YouTube channel to get the new episode each week.
