Rep. Sean Maloney, D-N.Y., proposed a new bill this week to the U.S. House of Representatives that would allow first-time home buyers to withdraw funds, tax-free, from their retirement accounts under the umbrella of coronavirus-related distributions. The funds could then be used towards a down payment on a new home, helping more people to attain
NAR throws its weight behind “Pandemic savings” bill for first-time buyers
July 24, 2020 by Mike Wheatley
Filed Under: Home Buying, US Real Estate Tagged With: homeowners, homeownership, Pandemic savings, Rep. Sean Maloney