Coffman Introduces Savings Account Legislation for First-Time Homebuyers

U.S. Representative Mike Coffman (R-CO) today introduced the First-Time Homebuyer Savings Account Act (H.R. 5575) along with U.S. Representative Sean Patrick Maloney (D-NY) and U.S. Representative Barbara Comstock (R-VA). The act would amend the federal tax code to create 529-style savings accounts for first time homebuyers.