First-time home buyer savings plan; townhouses; principal limits. Includes townhouses in the definition of single-family residence for purposes of the First-Time Home Buyer Savings Plan Act. The bill also increases (i) the aggregate amount of principal that can be contributed to a first-time home buyer savings account from $50,000 to $100,000 and (ii) the limit on the amount of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000.
- Chamber
- Senate
- Introduced
- Jan 14, 2026
- Last action
- Jul 21, 2026 — Continued from last session
- Session
- 2027
- Momentum
- 50 · Moderate