H.F. 2169 Section 1. IOWA FINANCE AUTHORITY —— INCOME THRESHOLDS FOR 1 THE FIRSTHOME PROGRAM. 2 1. The Iowa finance authority shall conduct a review of 3 the firsthome program to analyze whether the household income 4 limit that has been established to determine eligibility for 5 the program provides adequate assistance to individuals in the 6 state to purchase their first home, and an adequate incentive 7 to out-of-state individuals to move to the state, and the 8 impact, if any, that increasing the household income limit 9 would have on participation in the program. 10 2. The Iowa finance authority shall submit a report to the 11 general assembly on or before January 11, 2027, that summarizes 12 the authority’s findings and provides the authority’s 13 recommendation for the household income that should be 14 established to determine eligibility for the firsthome program. 15 EXPLANATION 16 The inclusion of this explanation does not constitute agreement with 17 the explanation’s substance by the members of the general assembly. 18 This bill requires the Iowa finance authority (authority) to 19 conduct a review of the firsthome program to analyze whether 20 the household income limit to determine eligibility for the 21 program provides adequate assistance to individuals in the 22 state to purchase their first home, and an adequate incentive 23 to out-of-state individuals to move to the state, and the 24 impact that increasing the household income limit would have 25 on the program. 26 The authority shall submit a report to the general assembly 27 on or before January 11, 2027, that summarizes the authority’s 28 findings and provides the authority’s recommendations. 29 -1- LSB 5761YH (3) 91 nls/ko 1/ 1