The American Dream Act: This program would start a new government backed mortgage program for first time homebuyers. This would be a 0 down loan program geared towards starter homes and first time home buyers. The amortization schedule for the loan would involve the first year of payments being entirely against the principal of the loan. This would allow young homeowners the ability to get into a house and immediately build equity in the property.
Along with this, tax incentives geared towards developers for single family starter homes. We would need to establish what starter means local by local. Possibly 0 tax on these homes at the point of sale.