A bill for an act requiring the Iowa finance authority to conduct a review of the firsthome program’s household income limit.

HF 2169 requires the Iowa Finance Authority to review the household income limit for the FirstHome program, which helps Iowans buy their first home. The review must assess whether the current income threshold provides sufficient assistance to in-state homebuyers and serves as an effective incentive for out-of-state residents to move to Iowa, while also analyzing how raising the limit would impact program participation. The authority must submit a report with findings and recommendations to the legislature by January 11, 2027. This bill does not change the program immediately but sets a process to evaluate potential adjustments to the income eligibility criteria.