The bill would create a pilot program for home repairs, with grants to eligible homeowners and loans to eligible landlords. Repairs could address accessibility, safety and habitability, energy and water efficiency, and weather resilience. Landlord loans could be forgiven after repairs if the landlord follows the loan agreement. The program would end October 1, 2030.
Eligible homeowners with limited incomes could apply for repair grants through a participating local or state organization. Eligible landlords with fewer than 10 rental properties could apply for loans to repair affordable rental homes. Landlords receiving loans would have to follow rules on accessibility, tenant protections, and rent increases.
The bill authorizes the Secretary of Housing and Urban Development to use up to $25 million from funds made available through appropriations acts for lead hazard control and healthy homes programs. It does not specify the amount of funding that will be provided.
No publicly available information.
No publicly available information.