Bills/S. 948

HOME Investment Partnerships Reauthorization and Improvement Act of 2025

HOME Investment Partnerships Reauthorization and Improvement Act of 2025

In CommitteeEconomySenateSenate Bill · 119th Congress
Bill Progress · Senate
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# HOME Investment Partnerships Reauthorization and Improvement Act of 2025 **What the Bill Would Do** This bill would reauthorize and update the HOME Investment Partnerships Program, a federal funding program that helps states and local communities build, rehabilitate, and preserve affordable housing for low- and moderate-income households. The bill aims to modernize the program and potentially expand its resources to address housing affordability challenges across the country. **Who It Affects** The bill primarily affects low- and moderate-income families struggling to find affordable housing, as well as state and local housing agencies that administer the HOME program. It could also impact developers and nonprofits involved in affordable housing construction and rehabilitation projects. **Current Status** The bill is currently in committee and has not yet been voted on by the full Senate.

As legislation in the early stages, it would need to pass out of committee and receive approval from both chambers of Congress before becoming law. *Note: The specific details of proposed changes are not included in this summary, as the bill's detailed provisions were not provided. For complete information about specific modifications or funding levels proposed, you may want to review the full bill text on Congress.gov.*.

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Latest Action

March 11, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects

Government lending and loan guaranteesHousing and community development fundingHousing finance and home ownershipHousing supply and affordabilityLow- and moderate-income housing

Sponsor

12 cosponsors

Key Dates

Introduced
March 11, 2025
Last Updated
March 11, 2025
Read Full Text on Congress.gov →
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