HOME Investment Partnerships Reauthorization and Improvement Act of 2025
Sponsored By: Representative Rep. Beatty, Joyce [D-OH-3]
Introduced
Summary
Would reauthorize and modernize the HOME Investment Partnerships Program while expanding eligible housing types and creating a HOME loan guarantee to finance more affordable units. It would also tighten inspections, enforcement, and rules for community land trusts and CHDOs.
Show full summary
- Families and renters would see expanded eligibility for affordable units, new protections for tenants in small-scale housing, and an affordability benchmark raised to 110 percent to guide income targeting.
- State and local participating jurisdictions would gain more administrative flexibility by raising the admin share from 10 percent to 15 percent, face stronger on-site inspection and publication requirements, and be subject to clearer reallocation and noncompliance penalties.
- Lenders, community land trusts, and developers would get a new HOME loan guarantee program with borrower fees intended to yield zero credit subsidy cost, and CLTs would be redefined to require at least 30 years of enforceable affordability while CHDO set-aside funds could be recaptured after 24 months.
*Would authorize HOME funding starting at $5.0 billion in FY2025 and rising to $6.1 billion in FY2029, and would set a $2.0 billion FY2025 aggregate guarantee cap.*
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Bill Overview
Analyzed Economic Effects
7 provisions identified: 3 benefits, 0 costs, 4 mixed.
More housing funds and loan guarantees
If enacted, Congress would authorize about $5.0 billion (FY2025), $5.25 billion (FY2026), $5.51 billion (FY2027), $5.79 billion (FY2028), and $6.08 billion (FY2029) for the HOME program, subject to future appropriations. The bill would also create a federal loan guarantee program with $2.0 billion in commitment authority for FY2025, with later years adjusted for inflation. Total outstanding guarantees could not exceed $4.5 billion unless Congress allows more. Guarantees would help finance building, buying, or fixing affordable homes, subject to program rules and available appropriations.
Broader rental affordability and protections
If enacted, small rentals with 4 or fewer units could qualify as affordable if all units are rented to low‑income households at program rents, with local monitoring. Owners could not refuse to rent just because a tenant uses a Section 8 voucher. The affordability test would use 110% or a higher percent set by the Secretary, instead of 95%. A foreclosure would not automatically end affordability rules, unless the Secretary finds limited exceptions apply.
New rules for selling affordable homes
If enacted, local programs could set resale price formulas that give sellers a reasonable return or recapture the subsidy to help another buyer. If a sale has no net proceeds, nothing would be recaptured. Community land trusts could acquire assisted homes under their purchase options to keep them affordable, rehab them, or add subsidy, then resell to eligible buyers. Active‑duty service members with deployments of 90 days or more, or a permanent change of station, could get a temporary waiver of a homeownership rule. Heirs who live in the home and take on the program duties could keep the home’s affordable status.
Stronger inspections and faster fund clawbacks
If enacted, local governments and States would need to do on‑site inspections of assisted homes and publish the results. HUD could cut a jurisdiction’s future payments by the amount it spent outside program rules. HOME funds reserved for community housing development organizations that sit unused for 24 months could be recaptured and used for other eligible activities.
More time and higher project limits
If enacted, the bill would remove the deadline to commit certain HOME real estate funds. It would also raise key dollar thresholds from $500,000 to $750,000. This would give local agencies and developers more time and let some projects proceed under higher limits.
Higher admin cap for housing funds
If enacted, local housing programs could use up to 15% of eligible HOME costs for administration, up from 10%. This would fund oversight and compliance. It would also leave a bit less money for direct project costs.
Updated rules for reallocating housing funds
Starting after FY2025, the Secretary would adjust the participation threshold each year for inflation. More jurisdictions that meet program rules could receive reallocated funds. Jurisdictions that do not comply could be removed from getting reallocations, within set limits.
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Sponsors & CoSponsors
Sponsor
Rep. Beatty, Joyce [D-OH-3]
OH • D
Cosponsors
Rep. Ansari, Yassamin [D-AZ-3]
AZ • D
Sponsored 3/11/2025
Rep. Brown, Shontel M. [D-OH-11]
OH • D
Sponsored 3/11/2025
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 3/11/2025
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 3/11/2025
Rep. Carson, Andre [D-IN-7]
IN • D
Sponsored 3/11/2025
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 3/11/2025
Rep. Evans, Dwight [D-PA-3]
PA • D
Sponsored 3/11/2025
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 3/11/2025
Rep. Garcia, Sylvia R. [D-TX-29]
TX • D
Sponsored 3/11/2025
Rep. Gomez, Jimmy [D-CA-34]
CA • D
Sponsored 3/11/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 3/11/2025
Rep. Omar, Ilhan [D-MN-5]
MN • D
Sponsored 3/11/2025
Rep. Sykes, Emilia Strong [D-OH-13]
OH • D
Sponsored 3/11/2025
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 3/11/2025
Rep. Vargas, Juan [D-CA-52]
CA • D
Sponsored 3/11/2025
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 3/11/2025
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 3/11/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 3/18/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 3/18/2025
Rep. Garamendi, John [D-CA-8]
CA • D
Sponsored 3/24/2025
Friedman
CA • D
Sponsored 3/31/2025
Rep. Balint, Becca [D-VT-At Large]
VT • D
Sponsored 4/8/2025
Latimer
NY • D
Sponsored 5/5/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 5/5/2025
Elfreth
MD • D
Sponsored 5/5/2025
Rep. Ramirez, Delia C. [D-IL-3]
IL • D
Sponsored 6/5/2025
Rep. Magaziner, Seth [D-RI-2]
RI • D
Sponsored 6/25/2025
Rep. Williams, Nikema [D-GA-5]
GA • D
Sponsored 7/23/2025
Craig
MN • D
Sponsored 9/2/2025
Rep. Figures, Shomari [D-AL-2]
AL • D
Sponsored 9/8/2025
Roll Call Votes
No roll call votes available for this bill.
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