Skip to main content
S 3452 116th Congress Senate Housing and Community Development Alternative and renewable resources Appropriations Building construction Congressional oversight Department of Housing and Urban Development Energy efficiency and conservation Energy storage, supplies, demand Executive agency funding and structure Government lending and loan guarantees Government trust funds Homelessness and emergency shelter Housing and community development funding Housing finance and home ownership Housing supply and affordability Income tax credits Indian social and development programs Interest, dividends, interest rates Landlord and tenant Low- and moderate-income housing

Affordable HOME Act

Introduced: March 12, 2020 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2020
Read twice and referred to the Committee on Finance.
Mar 12, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

Affordable Housing Opportunities Made Equitable Act or the Affordable HOME Act

This bill addresses housing affordability and availability as well as housing for low-income and homeless individuals.

Among other things, the bill requires the Department of Housing and Urban Development (HUD) to provide grants for down payment assistance to qualifying home purchasers.

Further, the bill establishes a tax credit for homeowners equal to 15% of annual mortgage interest paid or accrued on a mortgage for a primary residence.

In addition, HUD must establish programs for constructing and preserving certain low-income multifamily rental housing projects in rural areas. HUD must also provide grants to entities to acquire and preserve manufactured housing communities. Further, the bill provides additional FY2020 appropriations for the Housing Trust Fund, which provides assistance to states to produce and preserve affordable housing.

Additionally, the bill specifies the number of low-income housing choice vouchers HUD must provide in FY2021-FY2030. Further, the bill provides FY2021-FY2030 appropriations for HUD to assist permanent supportive housing.

The bill also provides for various protections for renters, including by (1) prohibiting landlords from evicting tenants, with certain exceptions; (2) prohibiting housing discrimination against individuals based on source of income; and (3) requiring certain landlords to give the tenant of a rental property an opportunity to purchase that property before selling or transferring the property.

What's happening now March 12, 2020

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1