S 3644
HOME Investment Partnerships Reauthorization and Improvement Act of 2024
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Bill overview
The HOME Investment Partnerships Reauthorization and Improvement Act of 2024 aims to reauthorize and update the HOME program, which provides funding for affordable housing development and rental assistance. This bill increases program funding, streamlines administration, and makes changes to eligibility requirements, inspection standards, and homeownership resale restrictions. It also establishes a new home loan guarantee program to further support affordable housing initiatives.
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