Support the First-Time Homebuyers Savings Account Program
— For Stronger Families and a Stronger Pennsylvania.

Contact your legislator now! More than 80% of Pennsylvanians support the First-Time Homebuyers Savings Account Program because it will create vibrant communities, more jobs and a stronger economy for Pennsylvania.*

*Survey conducted by American Strategies, September 12-17, 2017


Why support the First-Time Homebuyers Savings Account Program?

  • Low wages and college debt make it hard to save money for a down payment. The First-Time Homebuyers Savings Account Program can make it easier for people to buy their first house by allowing individuals or couples to put money in a savings account for the purchase of a new home.

  • Homeownership provides stability, creates memories, builds wealth and strengthens communities, and provides the long-term stability communities need to thrive.

  • A First-Time Homebuyers Savings Account Program in Pennsylvania could boost home purchases by up to 4,000 a year, spurring additional economic activity and jobs for Pennsylvanians.

How it works:

  • Pennsylvania taxpayers can save up to $50,000 over 10 years toward the costs associated with purchasing a new home.

  • The money deposited into the account can be deducted from their state income tax.

  • Parents and grandparents can open accounts to benefit their children and grandchildren.

  • Money removed from the account for non-approved expenses will be taxed with a penalty.


The Benefits of First-Time Homebuyer Savings Accounts

Frequently asked questions about First-Time Homebuyer Savings Accounts in Pennsylvania.

Read the Legislation

The Pennsylvania legislature is looking to create a First-Time Homebuyers Savings Account Program.