HLS 182ES-273 ORIGINAL
2018 Second Extraordinary Session
HOUSE RESOLUTION NO. 36
BY REPRESENTATIVE DAVIS
REAL ESTATE: Requests to establish programs and other incentives to encourage first-
time homebuyers to purchase homes in this state
1 A RESOLUTION
2To urge and request the Legislature of Louisiana and future legislators of this state to take
3 steps toward establishing programs and other incentives to assist and encourage first-
4 time homebuyers to purchase homes in the state of Louisiana.
5 WHEREAS, House Bill No. 383 of the 2018 Regular Legislative Session, by
6Representative Paula Davis, sought to create a rebate for eligible costs a first-time
7homebuyer expends from his savings account for the purchase of a single-family residence
8in this state; and
9 WHEREAS, the House Committee on Ways and Means reported the bill with
10amendments, but due to the attached fiscal note, the bill was recommitted to the House
11Committee on Appropriations; and
12 WHEREAS, when the bill was heard in the House Committee on Appropriations, the
13state budget was in a precarious position, and due to concerns regarding the state budget,
14Representative Davis requested to voluntarily defer the bill; and
15 WHEREAS, legislators and other parties were in favor of the concept of assisting
16first-time homebuyers, but were hesitant to do so during a time when the state was facing
17fiscal uncertainty; and
18 WHEREAS, homeownership provides shelter and security to families and fosters
19involvement in community life as well as participation in democratic institutions; and
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HR NO. 36
1 WHEREAS, for every two homes sold, a job is created, with home sales in this
2country supporting more than two and one-half million private-sector jobs in an average
3year; and
4 WHEREAS, of the non-homeowners who were surveyed to complete the January
52018, Aspiring Home Buyers Profile of the National Association of Realtors, forty-six
6percent were thirty-four years or under, fifty-seven percent earned an income of less than
7fifty-thousand dollars per year, eighty percent said homeownership is part of their American
8dream, and thirty-six percent of all respondents in the study, including both homeowners and
9non-homeowners, stated that saving for a down payment in their current financial situation
10would be very difficult; and
11 WHEREAS, states across the country have passed legislation creating First-Time
12Homebuyer Savings Accounts as an incentive to encourage homeownership and assist
13non-homeowners with realizing their American dream; and
14 WHEREAS, Louisiana should take similar steps to provide such homeownership
15incentives, because homeownership creates a myriad of benefits for the homeowner, society,
16and the economy.
17 THEREFORE, BE IT RESOLVED, that the House of Representatives of the
18Legislature of Louisiana does hereby urge and request the Legislature of Louisiana and
19future legislators of this state to take steps toward establishing programs and other incentives
20to assist and encourage first-time homebuyers to purchase homes in the state of Louisiana,
21which may also be a realization of their American dream.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HR 36 Original 2018 Second Extraordinary Session Davis
Requests the Legislature of La. and future legislators of this state to take steps toward
establishing programs and other incentives to assist and encourage first-time homebuyers
to purchase homes in the state of La.
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