Massachusetts legislation · 194th General Court
Massachusetts S3210: Encouraging home ownership by establishing a first time home buyers savings account
Status: Introduced, July 23, 2026
What the bill says
From the introduced text, July 23, 2026:
by inserting at the end thereof the following two sections:- "SECTION X. Chapter 62 of the General Laws is hereby amended by inserting after section 5C the following new section:- Section 5D. Definitions applicable to this section and section 5E. The following words and phrases for the purposes of this section and the following section shall have the following meanings: “Account holder” means an individual who establishes, individually or jointly with one or more other individuals, a first-time home buyer savings account. “Allowable closing costs” means a disbursement listed on a settlement statement for the purchase of a single-family residence in Massachusetts by a qualified beneficiary. “Eligible costs” means the down payment and allowable closing costs for the purchase of a single-family residence in Massachusetts by a qualified beneficiary. “Financial institution” means any bank, trust company, savings institution, industrial loan association, consumer finance company, credit union, or any benefit association, insurance company, safe deposit company, money market mutual fund, or similar entity authorized to do business in Massachusetts. “First-Time Home Buyer” means an individual who resides in Massachusetts and has not owned or purchased, either individually or jointly, a single-family residence during a period of three (3) years prior to the date of the purchase of a single-family residence. “First-Time Home Buyer Savings Account” or “account” means an account with …
Sponsors
- Dylan Fernandes (D) · primary sponsor
- Julian Cyr (D, Cape and Islands)
- Patrick O'Connor (R, First Plymouth and Norfolk)
- James Eldridge (D, Middlesex and Worcester)
Latest actions
- : See S3178
Common questions
- What is S3210?
- S3210 is a bill in the Massachusetts Legislature (194th General Court): Encouraging home ownership by establishing a first time home buyers savings account.
- What is the status of S3210?
- Introduced as of July 23, 2026. Latest action: See S3178 (July 23, 2026).
- Who sponsored S3210?
- Dylan Fernandes (D), with 3 co-sponsors.
- Where is the official record for S3210?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S3210
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.