First-time homebuyers could soon get a new way to find $35,000 for a down payment

Lawmakers are proposing a change that would let buyers use money sitting in 529 college savings accounts for their first home.

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Trump’s new savings accounts for kids just went live last month, but they’re not the only interesting investment change in the mix this year.

With a new bipartisan bill known as the First-Time Homebuyer Empowerment Act, lawmakers want to allow first-time homebuyers to tap into a portion of their college savings accounts for a down payment. Colorado Democrat Michael Bennet and Ohio Republican Jon Husted introduced the bill in the Senate earlier this month. If passed, it could give some families looking to afford a home a big boost—but that’s a big if.

If........

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