Michigan Governor Whitmer Signs into Law Savings Program for ‘First-Time’ Homebuyers

Gov. Gretchen Whitmer on Wednesday signed into law two bills ostensibly aimed at assisting first-time homebuyers.

House Bill 4290 and Senate Bill 145 will allow first-time homebuyers to save down payments and closing costs tax-free. The bills establish the Michigan First-Time Home Buyer Savings Program within the state’s Department of Treasury.

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