Whole-Home Repairs Act of 2024

house

senate

president

Legislation Details

Establishes a whole-home repairs program for eligible homeowners and landlords.
Defines key terms such as “affordable unit,” “assisted unit,” “eligible homeowner,” and “eligible landlord.”
Eligible homeowners must have a household income at or below 80% of the area median income or meet other specified income criteria.
Eligible landlords must own fewer than 10 residential rental properties, primarily consisting of affordable units.
The program includes provisions for forgivable loans to eligible landlords for repairs on affordable units.
The Secretary of Housing and Urban Development is tasked with establishing a pilot program within one year of enactment.
Grants will be provided to implementing organizations to administer the program, which may include local governments and qualified nonprofits.
Funds can be used for grants to homeowners and loans to landlords, with maximum amounts reflecting local construction costs.
Implementing organizations must ensure compliance with federal accessibility requirements and report on program outcomes annually.
The program aims to address physical accessibility, habitability, safety, energy efficiency, and other conditions in residential units.
The Secretary will prioritize applications that demonstrate a commitment to serving diverse geographic areas and populations.
The pilot program is funded with up to $25 million and is set to terminate on October 1, 2029.

Establishes a whole-home repairs program for eligible homeowners and landlords.
Defines key terms such as “affordable unit,” “assisted unit,” “eligible homeowner,” and “eligible landlord.”
Eligible homeowners must have a household income at or below 80% of the area median income or meet other specified income criteria.
Eligible landlords must own fewer than 10 residential rental properties, primarily consisting of affordable units.
The program includes provisions for forgivable loans to eligible landlords for repairs on affordable units.
The Secretary of Housing and Urban Development is tasked with establishing a pilot program within one year of enactment.
Grants will be provided to implementing organizations to administer the program, which may include local governments and qualified nonprofits.
Funds can be used for grants to homeowners and loans to landlords, with maximum amounts reflecting local construction costs.
Implementing organizations must ensure compliance with federal accessibility requirements and report on program outcomes annually.
The program aims to address physical accessibility, habitability, safety, energy efficiency, and other conditions in residential units.
The Secretary will prioritize applications that demonstrate a commitment to serving diverse geographic areas and populations.
The pilot program is funded with up to $25 million and is set to terminate on October 1, 2029.