WASHINGTON DC – U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in introducing legislation to lower costs for first-time homebuyers. The current housing affordability crisis has hit Nevada particularly hard—Las Vegas home prices are at an all-time high. The First-Time Homebuyer Tax Credit Act will create a tax credit worth up to 10 percent of a home’s purchase price, up to $15,000, for low- and moderate-income first-time homebuyers. This credit would be available at the point of sale to help individuals and families without sufficient funds for a down payment to afford a home.
“The Trump Administration’s reckless policies are raising housing costs across the board and making it more difficult for hardworking Nevadans to achieve the American Dream,” said Senator Rosen. “I’m proud to help introduce a bill to help lower costs and make it easier for first-time homebuyers to afford a down payment. I’ll keep fighting to lower housing costs for hardworking families in our state.”
Senator Rosen has been fighting to lower housing costs for Nevadans. She recently joined a bipartisan bill to help lower housing costs and incentivize housing development in Nevada. Senator Rosen has also pushed the Trump Administration to reverse course on imposing tariffs on Canada and Mexico to prevent housing prices from rising even further. She also led her colleagues in a letter to Senate appropriators requesting they fund the U.S. Department of Housing and Urban Development’s Veterans Affairs and Supportive Housing program.
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