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Read. Follow. Verify.Louisiana Establishes $15 Million Down Payment Assistance Program for First-Generation Homebuyers
Last action · March 9, 2026: Read by title, under the rules, referred to the Committee on Commerce.Sponsor: Edmond Jordan
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What This Bill Proposed
House Bill 794 creates the Louisiana First-Generation Homebuyer Assistance Program, providing up to $25,000 in zero-interest, forgivable s for down payments and closing costs. To qualify, first-time homebuyers must have household incomes at or below 120 percent of the , complete an eight-hour housing education course, and commit to living in the home for five years. The program launches with a $15 million initial from the Louisiana Capital Outlay Fund and is administered by the Louisiana Housing Corporation.
Eligible residents purchasing their first home can receive up to $25,000 in financial assistance that is fully forgiven after five years of primary residency, directly altering the upfront capital requirements for home purchases across the state.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
First-generation homebuyers
Eligible applicants can receive up to $25,000 in down payment and closing cost assistance structured as a forgivable loan.
Participating lenders
Lenders must offer qualified mortgages, ensure loan officers complete annual fair lending and implicit bias training, and submit quarterly demographic data.
Louisiana Housing Corporation
The corporation is tasked with administering the program, certifying lenders, conducting outreach, and publishing annual reports.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who qualifies as a first-generation homebuyer under this bill?
Do I have to pay back the $25,000 assistance loan?
What income limits apply to program applicants?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
4 actions- Mar 9, 2026HouseIntroducedRead by title, under the rules, referred to the Committee on Commerce.
- Feb 27, 2026HousePrefiled.
- Feb 27, 2026HouseCommitteeUnder the rules, provisionally referred to the Committee on Commerce.
- Feb 27, 2026HouseFirst appeared in the Interim Calendar on 2/27/2026.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.legis.la.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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