HOME Expansion Act: Improving Infrastructure and Access to Affordable Housing
This Act makes it easier to fund infrastructure like roads and utilities near affordable housing and raises price limits for homebuyers. It also provides special flexibility for military members and heirs to keep their affordable homes.
Key points
Allows funding for roads, sidewalks, water, and sewer lines directly connected to affordable housing projects.
Increases the eligible home price limit from 95% to 110% of the area median purchase price.
Provides income qualification waivers for military members who are deployed or receive permanent change of station orders.
Allows heirs to keep and live in affordable housing after the owner's death while maintaining the program's benefits.
Supports shared equity ownership models and community land trusts to preserve long-term housing affordability.
Status:
Introduced
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