To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance grants, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance grants, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Civil Rights, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H58DB2F4607A24DD3A974167B2A1889C0: 1. Short title This Act may be cited as the Home of Your Own Act of 2025.
- Section H67221E1DBF894824B9B612964D9A2422: 2. Establishment of homeownership assistance grant program The Secretary of Housing and Urban Development shall, not later than 1 year after the date of the...
- Section H4EF89C9ACF7C420EBDAE95B3DDC88988: 3. Administration of grants by states and indian tribes The Secretary shall require that each State receiving grant amounts under this Act— submit an annual...
- Section HDDEBD55C876040A2A58F83578029A342: 4. Financial counseling requirement A State or Indian tribe may only provide assistance under this Act to an eligible person if such eligible person, before...
- Section H15D353EA21724D83A288E14AFCEBB80A: 5. Authorization of appropriations; administrative costs There is authorized to be appropriated $6,700,000,000 for each of fiscal years 2026 through 2030 to...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance grants, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Civil Rights, Housing
Primary Purpose
This bill, To require the Secretary of Housing and Urban Development to establish a program to provide homeownership assistance grants, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Leger Fernandez (for herself, Mr. Costa, Mr. García of …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
any ownership, excluding any interest in heir property, in— real estate in fee simple
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology