S 3793
HOME Investment Partnerships Reauthorization and Improvement Act of 2024
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Bill overview
This bill reauthorizes and updates the HOME Investment Partnerships Program, which provides funding to states and local governments for affordable housing development and rehabilitation. Key changes include increased program funding, modifications to eligibility requirements for participating jurisdictions, reforms to streamline administration, and the establishment of a new home loan guarantee program. The bill also addresses tenant protections, homeownership resale restrictions, and property inspections to ensure program effectiveness and accountability.
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