What does PUBLIC HOUSING INVESTMENTS. of Housing Crisis Response Act of 2025 do?

This section appropriates funds to the Secretary of Housing and Urban Development for fiscal year 2026. A total of $10,000,000,000 is allocated to the Capital Fund, available until September 30, 2033, using the 2021 formula. An additional $53,000,000,000 is designated for eligible activities to repair, replace, or construct properties, also available until September 30, 2028. Competitive grants totaling $1,200,000,000 are provided for transformation and rehabilitation projects, aiming to create mixed-income neighborhoods, and are available until September 30, 2028. Funds of $750,000,000 are allocated for administrative and oversight costs, including information technology and research. An additional $50,000,000 is set aside for technical assistance providers to increase capacity building. Section 24 grant recipients must commit to a period of affordability of at least 20 years, determined by the Secretary. Grant funds may be used for resident services, community development, and affordable housing needs. Funds provided under this section may not be used for operating costs or rental assistance.

What does INVESTMENTS IN AFFORDABLE AND ACCESSIBLE HOUSING PRODUCTION. of Housing Crisis Response Act of 2025 do?

This section appropriates funds to the Secretary of Housing and Urban Development (HUD) for fiscal year 2026. A total of $9,925,000,000 is allocated to the HOME Investment Partnerships Program (HOME program), with funds available until September 30, 2028. An additional $14,925,000,000 is allocated to the HOME program, also available until September 30, 2028, subject to specific terms and conditions. $50,000,000 is designated for technical assistance providers, available until September 30, 2033. An additional $100,000,000 is allocated for administrative and oversight costs, including information technology and evaluations, available until September 30, 2033. The Secretary must allocate funds under subsection (a)(1) based on the formula used in fiscal year 2023 and within 60 days of enactment. Funds under subsection (a)(2) are allocated according to a formula specified in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. Certain funding restrictions within the Cranston-Gonzalez National Affordable Housing Act (NAHA) do not apply to amounts made available under this section. The Secretary has the authority to recapture and reallocate funds to ensure expenditure, geographic diversity, and availability to communities. Grantees may use up to 15 percent of their allocations for administrative and planning costs.

What does HOUSING INVESTMENT FUND. of Housing Crisis Response Act of 2025 do?

This section establishes the Housing Investment Fund within the Community Development Financial Institutions Fund (CDFI Fund). It appropriates $740,000,000 for fiscal year 2026 to support grants for affordable housing development, preservation, rehabilitation, financing, or purchase, primarily for low-income families and homeowners. An additional $10,000,000 is allocated for the CDFI Fund to cover administrative and oversight costs. Eligible grantees include CDFI Fund certified community development financial institutions, nonprofit organizations focused on affordable housing, and consortia of these entities. Grant funds can be used for activities such as loan loss reserves, acquisition funds, affordable housing funds, mortgage funds, risk-sharing loans, loan guarantees, and rental housing operations. Eligible uses must reasonably support affordable housing activities and leverage other public and private funding sources. The CDFI Fund is authorized to issue regulations and guidance to implement the program effectively.

What does SECTION 811 SUPPORTIVE HOUSING FOR PEOPLE WITH DISABILITIES. of Housing Crisis Response Act of 2025 do?

This section appropriates funds to the Secretary of Housing and Urban Development for fiscal year 2026 for supportive housing for persons with disabilities. A total of $450,000,000 is allocated for capital advances and project rental assistance. An additional $7,500,000 is designated for technical assistance to support state-level efforts in integrating housing assistance and supportive services. The Secretary is allocated $42,500,000 for administering and overseeing the Supportive Housing for Persons with Disabilities program. Funds appropriated under this section remain available until September 30, 2033. When awarding grants, the Secretary must establish and assess reasonable development cost limitations by market area. The Secretary shall not count owner or sponsor contributions against the overall cost of a project. Housing assisted with funds under this section may limit occupancy to persons with disabilities who can benefit from supportive services, with Secretary approval. The Secretary has the authority to issue regulations and guidance to implement the programs authorized under this section.

What does SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM. of Housing Crisis Response Act of 2025 do?

This section appropriates a total of $500,000,000 for fiscal year 2026 to the Secretary of Housing and Urban Development (HUD) for the Supportive Housing for the Elderly Program. Of this amount, $450,000,000 will be used for capital advance awards, new project-based rental assistance contracts, and service coordinators. An additional $7,500,000 is allocated for technical assistance to improve supportive services for low-income older adults and assist with project design. Finally, $42,500,000 is designated for the costs associated with administering and overseeing the program. The Secretary is authorized to establish reasonable development cost limitations by market area when awarding grants. The Secretary has the authority to issue guidance to ensure timely and effective program implementation. Funds appropriated under this section remain available until September 30, 2033.

What does IMPROVING ENERGY EFFICIENCY OR WATER EFFICIENCY OR CLIMATE of Housing Crisis Response Act of 2025 do?

This section appropriates funds to the Secretary of Housing and Urban Development (HUD) for fiscal year 2026. A total of $1,770,000,000 is allocated for direct loans, grants, and loan modifications to improve energy or water efficiency, indoor air quality, and climate resilience of multifamily properties. Additional funds are allocated for administrative costs ($25,000,000), property assessments ($120,000,000), and energy/water benchmarking ($85,000,000). Funds are available until specific dates: $1,770,000,000 and $85,000,000 until September 30, 2030; $25,000,000 until September 30, 2032; and $120,000,000 until September 30, 2031. Eligible recipients include owners or sponsors of properties receiving project-based assistance under sections 202, 811, or 8(b) of specific Housing Acts. The Secretary has the authority to issue regulations and guidance to implement these programs.

What does REVITALIZATION OF DISTRESSED MULTIFAMILY PROPERTIES. of Housing Crisis Response Act of 2025 do?

This section establishes a program to revitalize distressed multifamily properties. It appropriates $1,550,000,000 for direct loans, potentially forgivable, to owners for physical improvements, with a gross obligation limit of $6,000,000,000. An additional $50,000,000 is allocated for administrative and oversight costs. Loans are available until September 30, 2031. To be eligible, properties must be at risk of obsolescence or non-viability, and rents must not adequately sustain debt for improvements. Loan funds can only be used for necessary physical improvements. Loans bear interest at 1% and have a repayment period coterminous with an extended affordability period of at least 30 years. Recipients must secure at least 20% of project costs from non-Federal sources, unless the Secretary determines a reduced contribution or exemption is warranted. The Secretary can waive certain restrictions, extend loan terms, or forgive loans to preserve affordability. The term 'multifamily housing project' includes properties with five or more dwelling units receiving assistance under specific housing acts.

What does INVESTMENTS IN RURAL RENTAL HOUSING. of Housing Crisis Response Act of 2025 do?

This section appropriates funds to the Rural Housing Service of the Department of Agriculture for fiscal year 2026. A total of $1,800,000,000 is allocated for loans and grants related to new construction, energy and water efficiency, climate resilience, health and safety hazard removal, and housing preservation/revitalization. An additional $100,000,000 is designated for continued assistance under the American Rescue Plan Act of 2021. Another $100,000,000 is allocated for administrative and oversight costs associated with this section. The Administrator is authorized to provide loans and grants to restructure existing Department of Agriculture multi-family housing loans to ensure safe and affordable housing for low-income residents and farm laborers. Restructuring may include reducing or eliminating interest, deferring loan payments, and providing other financial assistance. A restrictive use agreement is required as part of the preservation and revitalization agreement. The Administrator has the authority to issue regulations and guidance to implement the programs authorized by this section.

What does HOUSING VOUCHERS. of Housing Crisis Response Act of 2025 do?

This section appropriates a total of $22,930,000,000 to the Secretary of Housing and Urban Development for fiscal year 2026. Funds are allocated for incremental tenant-based rental assistance under section 8(o) of the United States Housing Act of 1937, renewals of such assistance, and administrative fees. Specific allocations include $15 billion for extremely low-income families, $7.1 billion for households experiencing or at risk of homelessness and survivors of violence or trafficking, $1 billion for tenant protection vouchers, $300 million for mobility-related services, and $230 million to facilitate voucher use. The Secretary may waive or specify alternative requirements to facilitate voucher assistance for households experiencing homelessness or related trauma. Public housing agencies can elect to administer the incremental vouchers and may have their voucher allocations offset if they fail to lease authorized vouchers promptly. The Secretary has authority to issue guidance to implement the programs and activities authorized under this section.

What does PROJECT-BASED RENTAL ASSISTANCE. of Housing Crisis Response Act of 2025 do?

This section establishes the Project-Based Rental Assistance program and appropriates funds to the Secretary of Housing and Urban Development (HUD). A total of $880,000,000 is allocated for the project-based rental assistance program, $20,000,000 for technical assistance, and $100,000,000 for administrative costs. Funds appropriated under this section remain available until September 30, 2033. The Secretary is authorized to use these funds to provide assistance payments for newly constructed, existing, or substantially rehabilitated housing. The Secretary may prioritize contracts for multifamily housing projects in areas of high opportunity, experiencing economic growth, or serving people at risk of homelessness. Awards will be made through a competitive process, FHA loan applications, or delegation to States. The Secretary has the authority to issue regulations and guidance to implement the program.