An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, establishing the Put Down Roots PA Pilot Program; and providing for duties of Pennsylvania Higher Education Assistance Agency.

SB 1093 creates the Put Down Roots PA Pilot Program, a pilot initiative designed to help first-time homebuyers in Pennsylvania by providing financial assistance for student loans. The Pennsylvania Higher Education Assistance Agency will manage this program, offering grants of up to $40,000 to individuals who purchase a primary residence and have not previously owned a home in the state. To qualify, applicants must agree to live in their new home for at least three years and have a household income under $200,000, with grant amounts capped at the size of their student loan debt or 15% of the home's purchase price. The bill also requires the agency to publish detailed annual reports on the program's usage and outcomes while allowing for reasonable administrative fees to cover implementation costs.