"It aims to expand affordable housing supply by providing states and local governments with greater flexibility to fund housing development and preservation. America is in the midst of a housing crisis as families struggle to live the American dream due to the shortage of millions of homes, said Flood. The HOME program is a federal program that builds housing supply, but it has previously been weighed down by regulatory burdens that make it hard to build housing."
"Thanks to the insights of those who work directly with HOME, and the invaluable teamwork of my colleague Ranking Member Cleaver, I believe the HOME Reform Act of 2025 will cut the red tape that has been holding this program back. The reforms in this legislation will result in more homebuilding across the country as we work to tackle our nation's housing shortage. New legislation follows months of bipartisan collaboration between the two lawmakers."
The HOME Reform Act of 2025 proposes expanded flexibility for states and local governments to fund affordable housing development and preservation. The HOME program has faced regulatory burdens that have hindered housing construction and supply. Bipartisan outreach, stakeholder feedback, and subcommittee hearings informed reforms designed to cut red tape and boost homebuilding nationwide. High housing costs are straining families, limiting opportunities, and weighing on local economies. Revamping the HOME Program aims to expand affordable housing for working-class families and make homeownership more attainable across regions.
Read at www.housingwire.com
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