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HB 4603 Illinois House · 104th Regular Session

$IHDA-1ST GEN HOMEBUYER ASSIST

Summary
Appropriates $50,000,000 from the General Revenue Fund to the Illinois Housing Development Authority for the purpose of depositing into the First-Generation Homebuyer Down Payment Assistance Fund to provide down payments and closing costs assistance to eligible first-generation homebuyers, and other administrative expenses under the First-Generation Homebuyer Down Payment Assistance Program. Effective July 1, 2026.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAppropriates $50M from General Revenue Fund to fund down payment assistance for first-time homebuyers, advancing housing affordability through state budget allocation.95% confidence ✓ HousingSupports HousingAllocates $50M for first-gen homebuyers' down payment assistance, directly funding affordable housing access through administrative program support.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2026 Last action Feb 3, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 3, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mike Crawford
Mike Crawford
DDemocratic
IL
31