HOME Expansion Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
The HOME Expansion Act amends the HOME Investment Partnerships Program to allow participating jurisdictions to use funds for infrastructure improvements in non-entitlement areas, such as roads, sidewalks, and utility connections, that benefit affordable housing. It also increases the income eligibility for affordable homeownership housing to 110% of area median income and creates exceptions for military members and heirs of deceased homeowners to maintain affordability. The bill requires the Department of Housing and Urban Development to create rules implementing these changes.
Key provisions
- Allows use of HOME funds for infrastructure improvements in non-entitlement areas.
- Increases affordable homeownership income eligibility to 110% of area median income.
- Creates exceptions for military members to temporarily waive income qualifications.
- Allows heirs of deceased homeowners to continue qualifying for affordable housing.
- Requires the Department of Housing and Urban Development to issue implementing rules.
Who is affected
- Housing developers
- Local governments
- Low- and moderate-income homebuyers
- Military personnel and families
- Homeowners in non-entitlement areas
Notable changes
- Expands the use of HOME funds to include infrastructure improvements.
- Increases income eligibility thresholds for affordable housing.
Bill text
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Sponsors
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1 on record
Primary sponsor
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