HOME Investment Partnerships Reauthorization and Improvement Act of 2025

Hozzl · 2025-03-26T16:02:39Z

Explore the details of House Bill 2031 HOME Investment Partnerships Reauthorization and Improvement Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

3/26/2025, 4:02 PM

Summary of Bill HR 2031

Bill 119 HR 2031, also known as the HOME Investment Partnerships Program Reauthorization Act, is a piece of legislation that aims to renew and strengthen the HOME Investment Partnerships Program (HOME Program). The HOME Program is a federal grant program that provides funding to state and local governments to support affordable housing initiatives for low-income individuals and families.

The bill seeks to reauthorize the HOME Program for five years, allocating $1.6 billion in funding for each fiscal year. This funding will be used to support a variety of affordable housing activities, including the construction, rehabilitation, and preservation of affordable housing units, as well as providing rental assistance to low-income households.

In addition to reauthorizing the program, the bill includes provisions to improve accountability and oversight of the HOME Program. It requires grantees to report on the impact of their affordable housing activities, as well as undergo regular monitoring and compliance reviews to ensure that funds are being used effectively and efficiently. Overall, the goal of Bill 119 HR 2031 is to continue supporting the development of affordable housing for low-income individuals and families across the United States through the reauthorization and strengthening of the HOME Investment Partnerships Program.

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Current Status of Bill HR 2031

Bill HR 2031 is currently in the status of Bill Introduced since March 11, 2025. Bill HR 2031 was introduced during Congress 119 and was introduced to the House on March 11, 2025. Bill HR 2031's most recent activity was Referred to the House Committee on Financial Services. as of March 11, 2025

Bipartisan Support of Bill HR 2031

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2031

Primary Policy Focus

Housing and Community Development

Alternate Title(s) of Bill HR 2031

To reauthorize the HOME Investment Partnerships Program, and for other purposes.To reauthorize the HOME Investment Partnerships Program, and for other purposes.

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