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Washington, D.C. – In case you missed it, Michigan Congresswoman Haley Stevens introduced the "Homeownership Savings Act," a bill designed to help Michiganders afford their first home. With housing prices and mortgage costs continuing to rise, Stevens' proposal would create tax-free savings accounts that first-time buyers could use to save for down payments and closing costs.
Here's what Michiganders are seeing and reading about Rep. Haley Stevens' efforts to make homeownership more affordable for working families across the state:
Housing affordability has emerged as one of the defining issues of 2026.
The latest among them is U.S. Rep. Haley Stevens, a Birmingham Democrat. Stevens’ legislation would create tax-advantaged savings accounts for first-time homebuyers. It would also allow individuals to deduct annual contributions to a dedicated account, and withdrawals used for a down payment or closing costs on a primary residence would be tax-free, subject to income limits.
Michigan Congresswoman Haley Stevens introducing a new bill known as the Homeownerships Savings Act to reduce costs for first time homebuyers.
The bill would create homeownership savings accounts so every first time buyer can contribute up to $40,000 for down payments and closing costs.
Contributions would be tax deductible up to annual limits. Employers could also contribute to employee accounts.
Being able to buy a new home is one of the affordability issues that many people are trying to deal with now, and a Michigan lawmaker wants to help out.Congresswoman Haley Stevens is introducing the “Homeownership Savings Act.”
This bill would create a tax-free savings account for first-time homebuyers to save for down payments and closing costs tax-free.
Eligible buyers would be able to contribute up to $40,000 of the lifetime of that account.
WASHINGTON, D.C. – Today, Michigan Congresswoman Haley Stevens introduced the Homeownership Savings Act to break down financial barriers that have kept a generation locked out of homeownership.
Washington, D.C. – In case you missed it, last week Michigan Congresswoman Haley Stevens introduced the Release Your Taxes Act. After leading by example and releasing her own 2025 tax returns, Rep. Stevens is now calling on her fellow Members of Congress and congressional candidates to do the same. This legislation is designed to force federal lawmakers to meet the public’s demand for transparency and ensure that those in power are held to the same financial standards as hard-working Michiganders. By mandating total disclosure, Rep.
U.S. Rep. Haley Stevens, D-Birmingham, introduced legislation Thursday that would require all members of Congress and congressional candidates to publicly disclose their federal tax returns each year.
Stevens says it’s a challenge to a culture of financial secrecy in Washington.
Today, Michigan Congresswoman Haley Stevens toured the Webasto Plymouth Plant, meeting with workers and highlighting her ongoing push to strengthen Michigan’s domestic supply chains. During the visit, she emphasized the importance of investing in local innovation and high-tech workforce training to keep Michigan at the forefront of automotive and precision manufacturing.
Plymouth, MI — Today, Michigan Congresswoman Haley Stevens toured the Webasto Plymouth Plant, meeting with workers and highlighting her ongoing push to strengthen Michigan’s domestic supply chains. During the visit, she emphasized the importance of investing in local innovation and high-tech workforce training to keep Michigan at the forefront of automotive and precision manufacturing.
“It became apparent to me, that as we run for office and serve in federal office, we do financial disclosures. But why not just release tax returns and actually just show your standing?”
“I, unlike many people, maybe some in our White House, I haven't been using my position in elected office to get rich. Actually, far from it. And so voters in these times of high distrust. What they feel as though is corruption, and in some cases, it obviously is.”