HELPER Act of 2023

The HELPER Act of 2023 creates a new FHA mortgage insurance program allowing eligible first responders and K-12 teachers to secure home loans with **no down payment**. It directly affects full-time law enforcement officers, firefighters, paramedics, EMTs, and public/private K-12 teachers who have worked in their roles for at least 4 of the past 5 years. Key provisions include requiring housing counseling, verifying employment status, and prohibiting monthly mortgage insurance premiums (replacing standard FHA requirements). The bill authorizes $660,000 for 2024 and $160,000 annually from 2025-2030 to fund this program, which expires after 5 years.