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H.R. 2031119th CongressIn committeeLatest action Mar 11, 2025Decoded by AI · checked against the record
Official title: HOME Investment Partnerships Reauthorization and Improvement Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 2031 renews HOME housing grants at $5B for 2025, rising to $6B by 2029, and backs $2B in new loan guarantees.
55-second read · 5 questions answered below
HR 2031 reauthorizes the HOME Investment Partnerships Program, which funds states, cities, and counties to build, buy, or rehabilitate affordable housing. The bill removes a prior deadline requiring local governments to commit funds within a set period and adds new tenant protections for renters in properties of four units or fewer. It also strengthens penalties for misuse of program funds and requires public reporting of property inspections.
Low- and moderate-income renters, homebuyers, state and local governments, and nonprofits managing housing programs are directly affected. Community land trusts receive clearer operating rules, and deployed or reassigned military members gain protections against penalties for leaving program-purchased homes.
Removing the fund-commitment deadline and expanding loan guarantees changes how local governments plan and finance affordable housing projects. Stronger penalties and mandatory public inspection reports increase accountability requirements for program participants.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.