Congresswoman Maxine Waters of California — the top Democrat on the House Financial Services Committee — along with with fellow Democrats Al Green, Sylvia Garcia and Ayanna Pressley, on Thursday announced the reintroduction of the Downpayment Toward Equity Act.

The bill would provide $100 billion in direct assistance to help first-time, first-generation homebuyers purchase their first home.

“Homeownership is a cornerstone of the American Dream and the most powerful tool for building generational wealth. For too long, families of color and first-generation buyers have faced insurmountable barriers to owning a home due to predatory lending, high downpayment requirements, details ⇒

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