Homeownership is vital to building a long-term, stable economic foundation, yet rising prices and stagnating wages have made homeownership unattainable for many young people. On Wednesday, Michigan Governor Gretchen Whitmer signed NewDEAL Leader Michigan Rep. Mari Manoogian’s legislation to establish the state’s First-Time Home Buyers Savings Program. The new program will allow residents to open special savings accounts to save for and eventually purchase single-family homes. Contributions and withdrawals from the accounts will be tax-exempt. “Homeownership is a hallmark of the American Dream,” said Rep. Manoogian. “This new program will put young people and new families on the pathway to success and will help our state retain its best and brightest…” Read more about the legislation here.
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Rachel Walsh2024-11-07 01:14:022024-11-07 01:14:47NewDEAL Statement on Presidential Election: The Voters Have Spoken, and the Work Continues, Says NewDEAL CEO Debbie Cox Bultan
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Rachel Walsh2024-11-04 17:27:262024-11-04 17:27:26Reproductive Rights Are a Five-Alarm Fire. State Legislators Must Act.
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Rachel Walsh2024-11-04 17:25:452024-11-04 17:25:45Opinion: The Inflation Reduction Act is helping us build a stronger, cleaner Michigan
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Rachel Walsh2024-11-01 18:00:012024-11-01 18:00:01Perseverance and Patriotism in Western North Carolina as Election Approaches
