S.948

HOME Investment Partnerships Reauthorization and Improvement Act of 2025

Introduced·3/11/25

Reauthorizes the HOME Investment Partnerships Program and makes reforms to eligibility, administration, and rules.

The HOME Investment Partnerships Reauthorization and Improvement Act of 2025 amends the Cranston-Gonzalez National Affordable Housing Act to reauthorize the HOME Investment Partnerships Program. It modifies eligibility criteria for affordable housing, allowing certain transfers without losing affordability status. The bill also revises rules for community housing development organizations and nonprofit participation, including changes to definitions and participation requirements.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Mar 11, 2025

Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.