HOME Investment Partnerships Reauthorization and Improvement Act of 2025
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
The bill reauthorizes the HOME Investment Partnerships Program with $5 billion to $6 billion in annual appropriations from fiscal years 2025 through 2029, with annual increases of approximately 5%, provides duplicate authorization of appropriations section providing $5 billion to $6 billion annually for fiscal years 2025-2029, and defines modifies the qualification threshold for participating jurisdictions to receive HOME funds and requires the Secretary to adjust thresholds for inflation annually after fiscal year 2025. It relies on definition changes, compliance mandates, exemptions, and appropriations. The main policy areas are Housing and Finance.
Who Benefits and How
State and local housing agencies receiving HOME funds could gain revenue opportunities, Community land trusts could gain revenue opportunities, and Affordable housing developers could gain revenue opportunities.
Who Bears the Burden and How
State governments administering HOME would take on compliance duties, Participating jurisdictions that misspend HOME funds could face increased risk, and Participating jurisdictions (units of local government) would take on compliance duties.
Key Provisions
- Reauthorizes the HOME Investment Partnerships Program with $5 billion to $6 billion in annual appropriations from fiscal years 2025 through 2029, with annual increases of approximately 5%.
- Provides duplicate authorization of appropriations section providing $5 billion to $6 billion annually for fiscal years 2025-2029.
- Defines modifies the qualification threshold for participating jurisdictions to receive HOME funds and requires the Secretary to adjust thresholds for inflation annually after fiscal year 2025.
- Expands eligibility for fund reallocations to include more jurisdictions while giving the Secretary authority to remove non-compliant jurisdictions from reallocation participation.
- Amends affordable housing qualifications to allow exceptions for foreclosure situations and financially non-viable housing, and creates a new category of small-scale housing (4 units or less) with streamlined...
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
The bill reauthorizes the HOME Investment Partnerships Program with $5 billion to $6 billion in annual appropriations from fiscal years 2025 through 2029, with annual increases of approximately 5%, provides duplicate authorization of appropriations section providing $5 billion to $6 billion annually for fiscal years 2025-2029, and defines modifies the qualification threshold for participating jurisdictions to receive HOME funds and requires the Secretary to adjust thresholds for inflation annually after fiscal year 2025.
Key Policy Areas
Housing, Finance
Primary Purpose
The bill reauthorizes the HOME Investment Partnerships Program with $5 billion to $6 billion in annual appropriations from fiscal years 2025 through 2029, with annual increases of approximately 5%, provides duplicate authorization of appropriations section providing $5 billion to $6 billion annually for fiscal years 2025-2029, and defines modifies the qualification threshold for participating jurisdictions to receive HOME funds and requires the Secretary to adjust thresholds for inflation annually after fiscal year 2025.
Policy Domains
Title I - Reauthorization and Program Modifications
Identified Gains
- State and local housing agencies receiving HOME funds
- Community land trusts
- Affordable housing developers
- Small-scale landlords with 4 or fewer rental units
- Small-scale landlords with 4 or fewer units
Identified Costs
- State governments administering HOME
- Participating jurisdictions that misspend HOME funds
- Participating jurisdictions (units of local government)
- Property owners receiving HOME assistance
- Non-compliant participating jurisdictions
Sponsors
Legislative Progress
In CommitteeMs. Cortez Masto (for herself, Ms. Smith, Mr. Van Hollen, …
Read twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Compliant jurisdictions seeking additional funds, Non-compliant participating jurisdictions, Participating jurisdictions (units of local government)
Positive-direction: Compliant jurisdictions seeking additional funds, Participating jurisdictions administering HOME, Participating jurisdictions seeking affordable housing financing, Participating jurisdictions with limited financing access, Participating jurisdictions with uninvested CHDO funds, Smaller jurisdictions that may meet adjusted thresholds, State and local housing agencies receiving HOME funds
Negative-direction: Non-compliant participating jurisdictions, Participating jurisdictions (units of local government), Participating jurisdictions that misspend HOME funds, State governments administering HOME
Housing voucher holders, Low- and moderate-income homebuyers, Low-income families seeking housing assistance
Community Housing Development Organizations (CHDOs), Community land trusts, Real estate acquisition firms
Affordable housing construction firms, Affordable housing developers, Affordable housing developers and contractors
Property owners facing foreclosure, Property owners receiving HOME assistance, Small-scale landlords with 4 or fewer rental units
Positive-direction: Property owners facing foreclosure, Small-scale landlords with 4 or fewer rental units, Small-scale landlords with 4 or fewer units
Negative-direction: Property owners receiving HOME assistance
Federal government (contingent liability), HUD enforcement staff, HUD program administrators
Lenders providing financing for affordable housing
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
A nonprofit entity or State/local government instrumentality that provides and maintains housing with long-term affordability (30+ years) for low- and moderate-income persons using ground leases, deed covenants, or similar measures, and maintains preemptive purchase options to keep housing affordable
Housing with not more than 4 rental units
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