Housing Support: More Funds, Easier Access to Affordable Homes
This act increases funding for programs supporting the construction and maintenance of affordable housing. It simplifies access to housing assistance for low-income individuals and introduces new rules for housing loans. The goal is to increase housing availability and protect tenant rights.
Key points
Increased Housing Program Funding: More money will be available for building and renovating homes for low-income individuals.
Easier Housing Access: Qualification rules for housing programs have been changed, potentially making it easier to get support.
New Housing Loans: A loan guarantee program is being established to help finance housing projects.
Tenant Protection: Additional safeguards have been introduced for tenants in small, affordable housing units.
Simplified Rules for Non-Profits: Changes aim to make it easier for community organizations to build and manage affordable housing.
Introduced
Additional Information
Print number: 119_S_948
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2025-03-11