American Dream for All Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4023 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4023 To direct the Secretary of Housing and Urban Development to establish a pilot program to award grants to States, territories, and Indian tribes to provide down payment assistance loans to certain borrowers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 17, 2025 Mr. Carbajal introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To direct the Secretary of Housing and Urban Development to establish a pilot program to award grants to States, territories, and Indian tribes to provide down payment assistance loans to certain borrowers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Dream for All Act''. SEC. 2. APPRECIATION SHARING DOWN PAYMENT LOAN PILOT PROGRAM. (a) In General.--Not later than 1 year after the date of the enactment of this section, the Secretary of Housing and Urban Development (hereafter referred to as the ``Secretary'') shall establish a pilot program to award capitalization grants to eligible entities. (b) Eligible Entity.--To be eligible to receive a grant under this section, an entity shall-- (1) be an agency of a State or Indian tribe, or instrumentality thereof, including a State or Indian tribe housing finance agency; and (2) have or establish a revolving loan fund (hereafter referred to a ``State loan fund'') for the purpose of providing down payment assistance loans. (c) Determination of Amount.--The Secretary shall award grants under this section in amounts that are proportional to the population of the State or Indian tribe in which th