HOME Investment Partnerships Reauthorization and Improvement Act of 2025

Key Points

• This bill renews a major federal program that gives money to states and cities to build, buy, or fix up affordable homes. It starts with $5 billion in 2025 and increases the budget every year until it reaches over $6 billion in 2029.
• It makes it easier for local communities to fund smaller projects, like buildings with only one to four apartments. This helps create more housing options in neighborhoods where large apartment complexes might not fit.
• A new $2 billion loan guarantee program would be created. This acts like a safety net for lenders, making it easier for developers to get the money they need to build or repair affordable rental units and houses.
• The bill adds protections for military members and their families. If a service member gets orders to move, they can get a waiver so they don't lose their affordable housing status or face unfair financial penalties.
• To keep homes safe, the bill requires local governments to perform on-site inspections. These checks ensure that any housing built with this federal money meets local building codes and stays in good condition for the people living there.
• The bill also supports groups called community land trusts that buy land to keep it affordable for decades. This helps make sure that once a home is made affordable with tax dollars, it stays that way for the next family who needs it.

Votes

No votes have been recorded for this legislation yet.