Delaware 153rd General Assembly Status: Introduced 1 D cosponsors

SB 343 — HOUSE Plan/Create

Last action — Finance

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

This bill has been introduced in the Senate. Introduced June 12, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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

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

The bill 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 used for eligible home buying costs, and sets contribution limits and income eligibility requirements.

What this means for you
  • Families: This plan provides families a structured way to save for their first home, making homeownership more accessible.
  • Consumers: Consumers can benefit from tax-free earnings on their savings specifically for home-related expenses.

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

We don't have the full text on file for this bill yet.

Read SB 343 on the official Delaware source →

Action History

  1. Finance

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 61 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (61)

61 members have not signed on to this bill.

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"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 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 Russell Huxtable (Democratic).
What is the current status of SB 343?
This bill has been introduced in the Senate. Introduced June 12, 2026. It must pass committee before a floor vote.
Where can I track SB 343?
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Last checked for changes 4 months ago · updated continuously

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