JOINT RESOLUTION MAKING AN APPROPRIATION OF $20,000,000 FOR THE HOUSING DOWN PAYMENT ASSISTANCE PROGRAM

This bill seeks to restore $20 million in funding for Rhode Island's Down Payment Assistance program, which helps first-time homebuyers with low to moderate incomes afford a home. The legislation would direct the state treasurer to release these funds to eligible buyers, providing up to $20,000 toward their down payment to remove financial barriers to homeownership. It specifically addresses the removal of this funding in the 2024-2025 proposed budget by authorizing the appropriation from the state treasury for that fiscal year.