HOME Investment Partnerships Reauthorization and Improvement Act of 2025

This bill renews and updates the federal HOME program to help communities build and preserve affordable housing. It sets funding at about $5 billion in 2025 and grows to a little over $6 billion by 2029, and lets states and local communities use up to 15% of funds for program administration. It also updates who qualifies to run the program and how unused funds are moved to other places, and it links certain qualification amounts to inflation after 2025 .

It changes several rules for people and properties in the program. For small rental buildings (up to four units) to count as affordable, rents must be kept low, tenants must be low‑income, and landlords cannot deny someone just because they use a housing voucher. The bill removes the deadline to commit funds, clarifies resale rules for homes bought with assistance (including options for community land trusts), and adds flexibility for military families and heirs . It requires in‑person property inspections with results made public and strengthens penalties when funds aren’t used properly. Finally, it creates a federal loan guarantee to help states and cities finance affordable housing projects; this includes up to $2 billion in guarantees in 2025, limits on total guarantees, backing by the U.S. government, and borrower fees that cover the cost .

• Who is affected: states, cities, and nonprofit housing groups; renters (especially those with vouchers) and small landlords; homebuyers using program help; community land trusts; military families and heirs .
• What changes: funding through 2029 and higher admin allowance; no deadline to commit funds; clearer home resale rules; required on‑site inspections and public reporting; stronger enforcement; tighter rules for moving unused funds and the ability to remove noncompliant places from reallocated funds .
• New financing tool: a U.S.‑backed loan guarantee for local affordable housing, with $2 billion in 2025 and limits to manage risk; fees are charged so the guarantees are paid for by borrowers .
• When: funding covers fiscal years 2025–2029; some qualification amounts adjust each year after 2025; the loan guarantee authority starts at $2 billion in 2025 .