### Question
What does qualified first-time homebuyer mean?


### Answer
**Qualified first-time homebuyer** has the following meaning in *42 U.S.C. § 604*:

> a taxpayer (and, if married, the taxpayer's spouse) who has no present ownership interest in a principal residence during the 3-year period ending on the date of acquisition of the principal residence to which this subsection applies

#### Citation:
  - *42 U.S.C. § 604*
  - Heading: **CHAPTER 6-THE CHILDREN'S BUREAU > SUBCHAPTER IV-GRANTS TO STATES FOR AID AND SERVICES TO NEEDY FAMILIES WITH CHILDREN AND FOR CHILD-WELFARE SERVICES > Part A-Block Grants to States for Temporary Assistance for Needy Families**

