To direct the Secretary of Housing and Urban Development to submit a report to the Congress with respect exempting any downpayment requirement for mortgage insurance offered by the Federal Housing Administration for first-time homebuyers who are first responders or school teachers, and for other purposes.

# Summary of HR 7755 **What the Bill Would Do** HR 7755 would require the Secretary of Housing and Urban Development (HUD) to study and report to Congress on the feasibility of eliminating down payment requirements for Federal Housing Administration (FHA) mortgages for first-time homebuyers who are first responders (such as police officers and firefighters) or school teachers. The bill doesn't directly change any laws—it asks HUD to examine whether and how such a policy could work. **Who It Affects** The bill targets first responders and teachers buying homes for the first time. These professions are often cited as having lower average wages relative to cost of living in many communities.

By potentially waiving down payment requirements, the bill could help these workers enter the housing market more easily, as down payments are often a major barrier to homeownership. **Current Status** HR 7755 was introduced by Representative Tom Barrett (R-MI) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. The bill remains in early legislative stages.