Expands support for local affordable housing projects and homeownership.
This bill would continue and update the HOME Investment Partnerships Program, which helps communities create affordable housing. It would allow Congress to set aside billions more dollars for the program and create a new loan guarantee program to help finance housing development. The bill also changes rules to make it easier to build and preserve affordable homes, including small-scale housing, and offers new flexibility for homebuyers.
Today, the HOME Investment Partnerships Program provides federal money to communities for affordable housing, with certain funding levels and rules. This bill would allow Congress to set aside significantly more money for the program and introduce a new loan guarantee program to help finance housing development. It would also update definitions of affordable housing, change rules for homeownership resale, and give local governments more flexibility in managing their programs.
HR 2031 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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10 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.