WHAT THEY’RE SAYING: Stevens Champions Bill to Help First-Time Homebuyers Achieve the American Dream

May 8, 2026

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:

In Detroit:
WMYD

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.
You would also be able to deduct your contributions from your taxes each year.
Employers could also add money to those accounts.

In Flint:
WNEM

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.

In Lansing:
WLNS

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.
"For too many Michiganders, the American Dream of owning a home is slipping away," Stevens said in a statement. "Families are working hard just to keep up with everyday costs while homeownership moves further out of reach."

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