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GA HB1597

Bill

Official Source

Status

Introduced

3/23/2026

Primary Sponsor

Derrick Jackson

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Expands the Georgia Dream Homeownership Program by increasing maximum down payment assistance loan amounts for eligible first-time homebuyers
  • Establishes loan forgiveness provisions that allow assistance loans to be forgiven after borrowers maintain residency and mortgage compliance for a specified period
  • Sets eligibility qualifications including income limits, first-time homebuyer status, and completion of homeownership education requirements
  • Requires minimum fund allocation levels to ensure consistent availability of homebuying assistance across the state
  • Directs the Department of Community Affairs to administer the expanded program and establish implementing regulations

Legislative Description

Georgia Dream Expansion and Housing Affordability Act of 2026; enact

Last Action

House Second Readers

3/27/2026

Committee Referrals

State Planning and Community Affairs3/25/2026

Full Bill Text

No bill text available