U.S. Representatives Garamendi and Beatty reintroduced legislation to reauthorize the HOME Investment Partnerships Act and drastically increase the funding for it. The program received $1.5 billion in 2023 and this legislation proposes funding it at $5 billion. The bill also modernizes the program to better meet the issues faced by developing affordable housing today.
HOME targets those in the <80% AMI range with homeownership and rental assistance.