HOME Expansion Act

This bill changes the federal HOME Investment Partnerships Program, which gives housing funds to state and local governments. It would let jurisdictions that do not receive Community Development Block Grant funds use HOME money for infrastructure such as water and sewer lines, sidewalks, roads, and utility connections located in or next to assisted housing, with federal labor standards applying to that work. It would raise the home price limit for HOME-assisted homeownership from 95 percent to 110 percent of the area's median purchase price. It would also add shared equity models and community land trusts as ways to keep homes affordable, let jurisdictions waive income rules for deployed or relocated military owners, and let homes stay qualified when an heir lives in them after the owner dies.

Full text and official record on Congress.gov

Sponsors

• Ted Budd Republican sponsor
• 0 cosponsors