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Creates a Housing Stabilization Fund at HUD to give annual grants to continuums of care so they can provide short-term emergency housing assistance to extremely low‑income and very low‑income households. The Fund pays for housing‑related costs such as rent (with monthly/annual caps), rental arrears, mortgage payments (subject to caps), utilities, habitability repairs, deposits, counseling, legal help, and other short‑term stabilization services. Authorizes $100 million per year for FY2027–FY2031 (subject to appropriation). HUD must set application, eligibility, allocation, and program rules; FY2027 funds are allocated entirely by formula, and later years are 80% formula/20% competitive grants with criteria emphasizing the lowest‑income households and prevention activities.
The bill would provide targeted short-term emergency housing assistance and supportive services to help very low-income households avoid eviction or foreclosure, but its effectiveness is limited by funding uncertainty, time and amount caps, and administrative/competitive barriers that may leave some high-cost and smaller/rural communities under-served.
Extremely low- and very low-income households (renters and homeowners) can receive short-term emergency housing assistance (rent, arrears, utilities, deposits, repairs, services) to avoid eviction or foreclosure.
Continuums of care and local partners gain an authorized federal funding stream ($100M/year authorized for FY2027–2031) that supports planning and predictable resources for emergency housing assistance when appropriated.
Funding includes a targeted formula and a competitive component that directs aid toward areas with high shares of extremely low-income and severely cost-burdened households, focusing help where needs are greatest.
Extremely low- and very low-income families face funding uncertainty because the program relies on annual appropriations despite the authorization, so promised resources could be reduced or not provided.
Renters and homeowners may only receive up to 8 months of prospective rent or mortgage assistance within a 12-month period, which may be insufficient for households needing longer-term stabilization.
Low-income renters in high-cost areas may not be fully served because monthly assistance limits are tied to HUD 'reasonable' local rent determinations or Secretary-set amounts that can fall short of actual market rents.
Introduced March 18, 2025 by Ted Lieu · Last progress March 18, 2025