S. 948
Introduced in Senate · March 28, 2025March 11 (
legislative day
, March 10), 2025
Ms. Cortez Masto (for herself, Ms. Smith, Mr. Van Hollen, Ms. Alsobrooks, Mr. Bennet, Ms. Rosen, and Mr. Fetterman) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To reauthorize the HOME Investment Partnerships Program, and for other purposes.
1. Short title; table of contents; TITLE I—REAUTHORIZATION OF AND REFORMS TO HOME INVESTMENT PARTNERSHIPS PROGRAM; 101. Reauthorization of Program; 102. Increase in Program administration resources; 103. Modifications of participating jurisdiction qualification threshold and process for reallocations; 104. Modification of jurisdictions eligible for reallocations; TITLE II—REFORMS RELATING TO HOME INVESTMENT PARTNERSHIPS PROGRAM ADMINISTRATION AND RULES; 201. Amendments to qualification as affordable housing; 202. Elimination of commitment deadline; 203. Reform of homeownership resale restrictions; 204. Home property inspections; 205. Revisions to strengthen enforcement and penalties for noncompliance; 206. Tenant and participant protections for small-scale affordable housing; 207. Establishment of home loan guarantee program; TITLE III—REFORMS RELATING TO COMMUNITY HOUSING DEVELOPMENT ORGANIZATION AND NONPROFIT PARTICIPATION; 301. Modification of rules related to community housing development organizations; TITLE IV—TECHNICAL CORRECTIONS; 401. Technical corrections
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,