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Bill

SB 1169

Relating to: a first-time home buyer purchasing assistance fund and loan program and making an appropriation. (FE)

2025-2026 Regular Session Introduced by Dora Drake and 7 co-sponsors

Wisconsin bill creating a first-time home buyer assistance fund and loan program to help qualifying residents purchase homes, funded through state appropriation.

Failed to pass pursuant to Senate Joint Resolution 1
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WeVote Research Nonpartisan
Bill Summary · SB 1169

Legislative bill overview

SB 1169 proposes establishing a first-time home buyer purchasing assistance fund and loan program in Wisconsin, with an associated appropriation to support the initiative. The bill would create a mechanism to provide financial assistance to first-time homebuyers, though specific loan terms, eligibility criteria, and funding amounts are not detailed in the provided action summary.

Why is this important

Housing affordability is a significant barrier for many Wisconsin residents entering the homeownership market. First-time buyer assistance programs can help expand homeownership access, build generational wealth, and stabilize housing markets, while also potentially increasing tax revenue through property taxes and economic activity.

Potential points of contention

  • Fiscal impact and appropriation size: The bill's cost to the state and whether the appropriated funds represent a sustainable investment or unfunded long-term liability
  • Eligibility and fairness questions: Determining who qualifies (income limits, first-time buyer definitions) and whether assistance should be need-based, geography-based, or universal
  • Market distortion concerns: Whether subsidized loans artificially inflate home prices or create moral hazard by reducing borrower accountability, and whether funds would be better directed to increasing housing supply

Compiled from official sources — confirm details with the bill’s official record.

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