The House proposed cutting funding for the HOME Investment Partnerships Program in fiscal year 2026, which supports affordable housing initiatives. HOME aids local governments in building homes, provides rental assistance, and helps first-time homebuyers. The program has generated over $140 billion in local income and created over 2 million jobs since 1992. Some lawmakers argue that a temporary program, HOME-ARP, can replace HOME funding, but this is disputed. The National Housing Conference calls for restoring at least $1.5 billion for HOME to prevent a worsening housing crisis for vulnerable groups.
The cut would undo much of the good that's supposed to come from the Big Beautiful Bill, filling financial gaps in housing projects.
Since the program's inception in 1992, HOME funds have been used to build or preserve more than 1.35 million affordable homes.
HOME has allowed Mississippi to build or preserve more than 11,000 homes, supporting approximately 18,500 local jobs and generating $1.2 billion in income.
The brief urges Congress to restore at least $1.5 billion for the HOME program in the next federal budget to prevent a worsening housing crisis.
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