Reauthorizes and modernizes the HOME Investment Partnerships Program to support affordable housing from fiscal years 2025–2029. It updates who can receive funds, raises allowed administrative resources, and clarifies when HUD can reallocate money among jurisdictions.

It streamlines program rules, strengthens property inspections and penalties, and adds tenant protections. It creates a new home loan guarantee program to expand access to affordable homeownership. It updates requirements for community housing development organizations, establishes a modern legal definition for community land trusts with long‑term affordability, and makes technical fixes to housing statutes.