A Common-Sense Idea

HELP FIRST-TIME HOMEBUYERS SAVE FOR A DOWN PAYMENT FASTER.

Colorado is already one of a handful of innovative states that has adopted a First-Time Homebuyer Savings Accounts program to help residents save for their first home.

It’s time to build on the success of this program by giving employers the option to match employee contributions to these accounts.

Not only will this help first-time homebuyers save even faster for their down payment and other closing costs, it also gives employers a new benefit to recruit and retain talented employees.

This common-sense idea will help even more Colorado families plant roots in a neighborhood as a homeowner and become active and contributing members of their communities.

CONTACT YOUR LEGISLATORS

Take action now! Contact your legislator and ask them to support this important, common-sense bill to support hard-working Colorado families realize the dream of homeownership.

“Please show your support for the bill to expand the First-time Homebuyer Savings Account program to allow employers and employees the opportunity to contribute to saving for a first home purchase.”

A COMMON-SENSE IDEA TO HELP FUTURE HOMEOWNERS  

This is an important bill to support the dream of homeownership for all Colorado families. The bill would:

    • Allow individuals to make pre-tax contributions to their designated first-time home buyer savings account

    • Gives an employer the option to provide a pre-tax matching contribution to their employee

    • Create a 5% tax deduction for an employer that matches an employee’s contribution

    • Requires money in an FHSA account be used for a down payment and any closing costs included within five years of the account’s creation

Please show your support for the bill to expand the First-time Homebuyer Savings Account program to allow employers and employees the opportunity to contribute to saving for a first home purchase.