Delaware 153rd General Assembly (2025-2026) Status: In Committee 9 D cosponsors

SB 343 — AN ACT TO AMEND TITLE 25 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE HOMEOWNERSHIP USING SAVINGS AND EARNINGS PLAN ACT.

Last action — Assigned to Finance Committee in Senate

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced June 04, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 12 sponsors

    12 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (9 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill creates a savings plan to help first-time home buyers in Delaware.

This Act establishes the Homeownership Using Savings and Earnings Plan (HOUSE Plan) to assist Delaware residents in saving for their first home. It allows tax-free earnings on savings for eligible home purchasing expenses and sets guidelines for contributions and income eligibility.

What this means for you
  • Families: This means families in Delaware can save money specifically for their first home purchase without paying state income tax on the earnings.

Summary

This Act creates a first-time home buyers' savings plan, called the Homeownership Using Savings and Earnings Plan (the HOUSE Plan), to ignite future homeownership in Delaware by helping residents save for their first home. The HOUSE Plan offers a practical solution that encourages financial responsibility and long-term planning by allowing individuals to save and use funds for eligible costs associated with purchasing a home, such as down payments and closing costs, and costs associated with acquiring a rental lease for a primary residence, such as security deposits and payment of the first month of rent. Earnings on amounts held in in a HOUSE Plan account accrue free from Delaware income taxation. This Act sets how much account holders may contribute, both annually and over the lifetime of an account, and specifies annual income caps for eligibility to open an account. Funds must be used within 20 years after the account is opened. This Act also establishes the HOUSE Plan Board to oversee the design, implementation, and preliminary administration of the Plan. This Act makes homeownership more attainable, builds generational wealth, and strengthens communities, without direct state spending.

Bill Text

Action History

  1. Assigned to Finance Committee in Senate

  2. Reported Out of Committee (Housing & Land Use) in Senate with 6 Favorable

  3. Introduced and Assigned to Housing & Land Use Committee in Senate

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

12 sponsors · 0 co-sponsors · 50 not signed on

Sponsors (12)

Co-sponsors (0)

None.

Not signed on (50)

50 members have not signed on to this bill.

Show all 50 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 343 do?
This Act creates a first-time home buyers' savings plan, called the Homeownership Using Savings and Earnings Plan (the HOUSE Plan), to ignite future homeownership in Delaware by helping residents save for their first home. The HOUSE Plan offers a practical solution that encourages financial responsibility and long-term planning by allowing individuals to save and use funds for eligible costs associated with purchasing a home, such as down payments and closing costs, and costs associated with acquiring a rental lease for a primary residence, such as security deposits and payment of the first month of rent. Earnings on amounts held in in a HOUSE Plan account accrue free from Delaware income taxation. This Act sets how much account holders may contribute, both annually and over the lifetime of an account, and specifies annual income caps for eligibility to open an account. Funds must be used within 20 years after the account is opened. This Act also establishes the HOUSE Plan Board to oversee the design, implementation, and preliminary administration of the Plan. This Act makes homeownership more attainable, builds generational wealth, and strengthens communities, without direct state spending.
Who sponsors SB 343?
SB 343 is sponsored by Stell Parker Selby, Nicole Poore (Democratic), John "Jack" Walsh (Democratic), David P. Sokola (Democratic), Marie Pinkney (Democratic), Josue O Ortega (Democratic), Claire Snyder-Hall (Democratic), Melanie Ross Levin, Ray Seigfried (Democratic), Bryan Townsend (Democratic), Russell Huxtable (Democratic), and Sarah McBride.
What is the current status of SB 343?
This bill is in committee in the Senate. Introduced June 04, 2026. It must pass committee before a floor vote.
Where can I track SB 343?
Track SB 343 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 343

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 343

Last checked for changes about 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →