HOUSING: Creates the Dream Starter Act. (gov sig) (OR +$542,635 GF EX See Note)

This Louisiana legislation establishes the Dream Starter Act to expand homeownership opportunities for first-generation homebuyers. The bill creates a state fund administered by the Louisiana Housing Corporation to provide forgivable loans covering down payments, closing costs, and mortgage insurance. Eligible applicants must complete homebuyer education, undergo financial counseling, and occupy the property as their primary residence to receive assistance. Additionally, the program requires annual reporting to the legislature and includes verification measures for income and occupancy to maintain accountability.