House Bill No. by Representative Dana Henry introduces the "Dream Starter Act," which aims to establish the Dream Starter Program to assist eligible applicants with costs associated with purchasing a home. The bill creates the First-Generation Homebuyer Assistance Fund within the state treasury, which will be funded through legislative appropriations, grants, donations, and other available resources. The fund's resources will be managed similarly to the state general fund, with interest earned credited back to the fund. The Louisiana Housing Corporation will be responsible for administering the program and will receive appropriations from this fund.

The Dream Starter Program is designed to expand access to homeownership for first-time and first-generation homebuyers, providing forgivable loans for down payments, closing costs, mortgage insurance, and other related expenses. To qualify for assistance, applicants must meet specific criteria, including completing approved homebuyer education and occupying the property as their principal residence. The bill also mandates annual reporting to the legislature on program participation and outcomes, as well as implementing safeguards to ensure compliance with program requirements.