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HR 2031119th CongressIn Committee
HOME Investment Partnerships Reauthorization and Improvement Act of 2025
Introduced: Mar 11, 2025
Sponsor: Rep. Beatty, Joyce [D-OH-3] (D-Ohio)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Reauthorizes and reforms the HOME Investment Partnerships Program with increased funding and administrative improvements.
Key Points
- 1Authorizes $5-6 billion annually through 2029 with inflation adjustments
- 2Increases program administration resources from 10% to 15%
- 3Reforms affordable housing requirements and compliance monitoring
- 4Establishes home loan guarantee program with $2 billion annual authority
- 5Simplifies homeownership resale restrictions and community land trust provisions
- 6Enhances enforcement and penalties for noncompliance
Impact Areas
Affordable housing developmentState and local housing agenciesLow-income communitiesHousing finance and guaranteesCommunity development
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