S 3901

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IN THE SENATE OF THE UNITED STATES

February 24, 2026

Mr. Budd introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “HOME Investment Partnerships Program Expansion Act” or the “HOME Expansion Act”.

SEC. 2. USE OF AMOUNTS BY CERTAIN JURISDICTIONS FOR INFRASTRUCTURE IMPROVEMENTS.

(a) In General.—Section 212(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)) is amended by inserting after paragraph (3) the following:

“(4) Infrastructure improvements in nonentitlement areas.—

“(A) In general.—A participating jurisdiction may use funds provided under this subtitle for infrastructure improvements, including the installation or repair of water and sewer lines, sidewalks, roads, and utility connections, if—

“(i) such participating jurisdiction does not receive assistance under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.); and

“(ii) such improvements are directly related to, and located within or immediately adjacent to—

“(I) housing assisted under this subtitle; or

“(II) housing assisted under section 42 of the Internal Revenue Code of 1986.

“(B) Application of labor standards.—The labor standards and requirements set forth in section 110 of the Housing and Community Development Act of 1974 (42 U.S.C. 5310) shall apply to any infrastructure improvement conducted using funds provided under this subtitle.

“(C) Rule of construction.—Nothing in this paragraph may be construed to impose any requirements of the HOME Investment Partnerships program on housing that benefits from an infrastructure improvement conducted using funds provided under this subtitle but was not otherwise assisted under the HOME Investment Partnerships program.”.

(b) Rulemaking.—Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue rules to carry out the amendment made by subsection (a).

SEC. 3. AFFORDABLE HOMEOWNERSHIP HOUSING QUALIFICATIONS.

Subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12741 et seq.) is amended—

(1) in section 215 (42 U.S.C. 12745);

(A) in subsection (b)—

(i) in paragraph (1), by striking “95 percent” and inserting “110 percent”; and

(ii) in paragraph (3)—

(I) in subparagraph (A)(ii), by striking “or” at the end;

(II) in subparagraph (B), by striking “and” at the end and inserting “or”; and

(III) by adding at the end the following:

“(C) maintain long-term affordability through a shared equity ownership model, a community land trust, a limited equity cooperative, a community development corporation, or other mechanism approved by the Secretary, that preserves affordability for future eligible homebuyers and ensures compliance with the purposes of this title, including through the use of purchase options, rights of first refusal, or other preemptive rights to purchase housing; and”; and

(B) by adding at the end the following:

“(c) Qualification Exceptions for Homeownership.—

“(1) Military members.—A participating jurisdiction, in accordance with terms established by the Secretary, may suspend or waive the income qualifications described in subsection

(b)(2) with respect to housing that otherwise meets the criteria described in subsection (b) if the owner of the housing—

“(A) is a member of a regular component of the armed forces or a member of the National Guard on full- time National Guard duty, active Guard and Reserve duty, or inactive-duty training (as those terms are defined in section 101(d) of title 10, United States Code); and

“(B) has received—

“(i) temporary duty orders to deploy with a military unit or military orders to deploy as an individual acting in support of a military operation, to a location that is not within a reasonable distance from the housing, as determined by the Secretary, for a period of not less than 90 days; or

“(ii) orders for a permanent change of station.

“(2) Heirs and beneficiaries of deceased owners.—Housing that meets the criteria described in subsection (b)(3) prior to the death of an owner of such housing shall continue to qualify as affordable housing under this title if—

“(A) the housing is the principal residence of an heir or beneficiary of the deceased owner, as defined by the Secretary; and

“(B) the heir or beneficiary, in accordance with terms established by the Secretary, assumes the duties and obligations of the deceased owner with respect to funds provided under this title.”; and

(2) in section 245(b)(2) (42 U.S.C. 12785(b)(2)), by striking “95 percent” and inserting “110 percent”. <all>