This week, Representative John Curtis introduced a bill that would make homeownership more accessible for Utah’s residents. If passed, the Home Ownership, Mortgage, and Equity Savings (HOMES) Act would allow individuals with self-directed IRA accounts to use their retirement savings to purchase a primary residence for themselves or an immediate family member. “Homeownership is more than just having a place to live—it’s about building roots in a community and creating a solid investment for the future,” emphasized Representative Curtis. “Utahns should be allowed to use their own money to achieve homeownership, and this legislation would enable families to pool their resources more effectively and invest in their future.” The legislation focuses on the need to be able to invest in a home as a valuable retirement investment.
