What does REAUTHORIZATION OF PROGRAM. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section reauthorizes appropriations for Title of the Cranston-Gonzalez National Affordable Housing Act. Section 205 of the Act is amended to specify authorization levels for fiscal years 2025 through 2029. For fiscal year 2025, $5,000,000,000 is authorized. The authorized appropriation increases annually, reaching $6,077,531,250 for fiscal year 2029.

What does INCREASE IN PROGRAM ADMINISTRATION RESOURCES. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

Subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act is amended. Section 212(c) of the Act is modified to change a percentage from 10 percent to 15 percent. Section 220(b) of the Act is amended by removing 'Recognition.--' and all that follows through 'A contribution' and replacing it with 'Recognition.--A contribution'. Paragraph (2) of section 220(b) is removed.

What does MODIFICATIONS OF PARTICIPATING JURISDICTION QUALIFICATION of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section modifies Section 216 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12746). It amends paragraph (3)(A) to establish an 'Eligibility threshold' and provides for an inflation adjustment to that threshold amount for fiscal years after 2025. It amends paragraph (6) to clarify that jurisdictions must 'meet or comply with the requirements'. It removes paragraph (10).

What does MODIFICATION OF JURISDICTIONS ELIGIBLE FOR REALLOCATIONS. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section modifies Section 217(d) of the Cranston-Gonzalez National Affordable Housing Act. It amends paragraph (1) to include jurisdictions meeting the requirements of this title, including paragraphs (3), (4), and (5) of section 216. It amends paragraph (3) to allow the Secretary to remove participating jurisdictions that fail to meet the requirements of this title from participation in reallocations of funds. The Secretary's removal authority is subject to paragraph (3)(A).