10/14/2026
The Pocono Mountains Association of Realtors supports a Pennsyvlania bill that would create special savings accounts for First Time Homebuyers.
House Bill 818 and Senate Bill 803 would establish a First Time Homebuyer Savings Account Program in Pennsylvania. The program would provide a tax advantaged way for Pennsylvanians to save toward the purchase of their first home. These bills would provide future homeowners with a practical tool to overcome one of the greatest barriers to homeownership, saving for the upfront costs of purchasing a home.
Similar programs have been established in several other states. Supporters estimate that creating the program in Pennsylvania could lead to as many as 4,000 additional home purchases each year while generating new economic activity, jobs, and tax revenue.