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Major Funding Boost and Reforms for Affordable Housing Program (HOME).

This Act reauthorizes and significantly increases funding for the federal HOME Investment Partnerships Program, allocating billions of dollars for the construction and renovation of affordable housing. It introduces new rules that streamline project implementation for local governments, modify qualification criteria for housing, and strengthen oversight of housing quality and safety. Citizens can expect greater availability and improved quality of affordable housing options.
Key points
Funding Increase: The HOME Program is authorized to receive $5 billion in 2025, increasing through 2029, providing substantial resources for housing development and rehabilitation.
Long-Term Affordability: New mechanisms ensure that homes purchased through the program remain affordable for subsequent buyers, including provisions for Community Land Trusts.
Enhanced Safety and Quality: Local authorities must conduct mandatory on-site property inspections and publish results, with strengthened enforcement for non-compliance.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_2031
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2025-03-11
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HOME Investment Partnerships Reauthorization and Improvement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2031.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-11.

What are the main provisions?

Key points include:

  • Funding Increase: The HOME Program is authorized to receive $5 billion in 2025, increasing through 2029, providing substantial resources for housing development and rehabilitation.
  • Long-Term Affordability: New mechanisms ensure that homes purchased through the program remain affordable for subsequent buyers, including provisions for Community Land Trusts.
  • Enhanced Safety and Quality: Local authorities must conduct mandatory on-site property inspections and publish results, with strengthened enforcement for non-compliance.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beatty, Joyce [D-OH-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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Real Estate Public Investments