Biden's $25,000 First Time Home Buyer Tax Credit + Downpayment Toward Equity Act Explained

Summary

This video explains two proposals aimed at assisting first-time homebuyers: Biden's First-Time Home Buyer Tax Credit, offering up to $15,000, and the Downpayment Toward Equity Act, providing up to $25,000 in down payment assistance. The video details eligibility requirements, income limits, and conditions associated with each program, emphasizing that they are designed to help those with medium to low incomes.