This bill helps first-time homebuyers by offering downpayment assistance to make buying a home easier, especially for those from disadvantaged backgrounds. It aims to close the gap in homeownership rates among different racial and economic groups.
Modern GI Bill Act This bill authorizes individuals who are entitled to educational assistance under the Post-9/11 GI Bill to apply amounts of such assistance to repay federal student loans for up to 36 months. The bill sets a cap and annual cost-of-living increases for the amount of educational assistance that may be paid to an individual under this bill during FY2026 and the following years.
