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 subsequent text up to 'A contribution', and by striking paragraph (2).

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 provide for an inflation adjustment to that threshold 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 state that jurisdictions eligible for reallocations include participating jurisdictions and those 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 a participating jurisdiction from reallocation if it fails to meet the requirements of this title. The Secretary may remove a participating jurisdiction that fails to meet or comply with the requirements of this title from participation in reallocations of funds.

What does AMENDMENTS TO QUALIFICATION AS AFFORDABLE HOUSING. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section amends Section 215 of the Cranston-Gonzalez National Affordable Housing Act. It modifies the definition of affordable housing by adding exceptions for foreclosures and situations where housing is no longer financially viable due to unforeseen circumstances. A new definition of 'small-scale housing' is introduced, defined as housing with not more than 4 rental units. Small-scale housing can qualify as affordable housing if it meets certain requirements, including rent compliance, low-income occupancy, and acceptance of voucher holders. The participating jurisdiction must monitor ongoing compliance of small-scale housing. The percentage threshold for affordable housing is increased to 110 percent or a percentage established by the Secretary.

What does ELIMINATION OF COMMITMENT DEADLINE. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section amends Section 218 of the Cranston-Gonzalez National Affordable Housing Act. Subsection (g) of Section 218 is struck, and subsection (h) is redesignated as subsection (g). Section 218(c) of the Cranston-Gonzalez National Affordable Housing Act is also amended. Paragraph (2) of Section 218(c) is struck, and paragraph (3) is redesignated as paragraph (2). In the redesignated paragraph (2) of Section 218(c), 'section 224' is replaced with 'section 223'.

What does REFORM OF HOMEOWNERSHIP RESALE RESTRICTIONS. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section amends Section 215 of the Cranston-Gonzalez National Affordable Housing Act. It modifies restrictions related to the resale of housing developed with assistance under the title, allowing for greater flexibility in determining purchase prices and methods of recouping investment. The Secretary determines whether restrictions are appropriate, including considerations for the property's useful life and ensuring a reasonable return on investment for the owner. It permits community land trusts to acquire housing under certain conditions, including fulfilling purposes such as entering the chain of title or enabling purchases by qualified individuals on a waitlist. The Secretary may permit participating jurisdictions to suspend or waive qualification requirements for military members with deployment orders or permanent change of station orders. It allows heirs or beneficiaries of deceased owners to continue qualifying housing as affordable if they assume the duties and obligations of the deceased owner.

What does HOME PROPERTY INSPECTIONS. of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section amends Section 226(b) of the Cranston-Gonzalez National Affordable Housing Act. The amendment changes the language to specify that each participating jurisdiction must conduct an on-site inspection. Units of general local government conducting reviews must include an on-site inspection to determine compliance with housing codes and other applicable regulations. States conducting reviews must include an on-site inspection to determine compliance with a national standard as determined by the Secretary. Participating jurisdictions must include the results of these reviews in their performance reports submitted to the Secretary and make them publicly available.

What does REVISIONS TO STRENGTHEN ENFORCEMENT AND PENALTIES FOR of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This section amends Section 223 of the Cranston-Gonzalez National Affordable Housing Act. The heading of Section 223 is revised to read 'program enforcement and penalties for noncompliance'. The text preceding paragraph (1) is modified to include provisions applicable throughout the period required by section 215(a)(1)(E) and applicable regulations. Paragraph (3) is revised by replacing the period at the end with '; or'. A new paragraph (4) is added, allowing for reduction of payments to participating jurisdictions if funds are not expended in accordance with the title.

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HOME Investment Partnerships Reauthorization and Improvement Act of 2025

Q: What does Preamble of HOME Investment Partnerships Reauthorization and Improvement Act of 2025 do?

This bill is formally titled 'To reauthorize the HOME Investment Partnerships Program, and for other purposes.'

Last updated: 3/11/2025 · Introduced: 3/11/2025

Author: Catherine Cortez Masto (D-NV)

TL;DR (AI)

This bill reauthorizes and increases funding for the HOME Investment Partnerships Program, providing $5 billion in 2025, rising to $6.08 billion by 2029.
It increases the percentage of HOME funds that participating jurisdictions can use for program administration from 10% to 15%.
The bill modifies eligibility requirements for participating jurisdictions, establishing an inflation-adjusted eligibility threshold and requiring compliance with certain regulations.
It expands the definition of affordable housing to include exceptions for foreclosures and financially unviable housing, and introduces a new category of 'small-scale housing' (up to 4 units) that can qualify.
The bill establishes a Home Loan Guarantee Program, allowing the Secretary to guarantee loans for affordable housing projects up to $2 billion in 2025, with subsequent increases, to facilitate financing.

119th Congressin committeeHR. 2031(In Committee)Official page

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Other Sections

Includes provisions on preamble, reauthorization of program., and 3 more.

5 sections

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TITLE II

-REFORMS RELATING TO HOME INVESTMENT PARTNERSHIPS PROGRAM

7 sections

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TITLE III

-REFORMS RELATING TO COMMUNITY HOUSING DEVELOPMENT

1 section

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TITLE IV

-TECHNICAL CORRECTIONS

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