H.R. 6771: Housing Crisis Response Act of 2025
The Housing Crisis Response Act of 2025 is designed to address the ongoing challenges of affordable housing and community development. The bill aims to enhance the availability of accessible and affordable housing options while reducing associated costs. Key aspects of the bill include:
Funding for Housing Initiatives
Significant financial resources are allocated towards various housing programs. This includes:
- $76 million designated for small-dollar mortgages to assist low-income families in purchasing homes.
- $90 million set aside for rural housing repair grants to improve living conditions in rural areas.
- Additional appropriations for administrative support related to these housing initiatives.
Regulatory Oversight
The bill grants the Secretary of Housing and Urban Development the authority to create regulations and guidance to ensure the effective and timely implementation of the housing programs as outlined. This aims to streamline processes related to housing development and assistance.
Definitions and Eligible Entities
The legislation defines key terms such as "eligible entities," which are organizations or groups that can access the funds and participate in the housing initiatives. It also describes the role of housing plans and strategies that focus on:
- Improving access to housing for all individuals.
- Making housing more affordable.
- Promoting equity in housing opportunities.
Grant Allocations and Support Programs
In addition to the aforementioned funding, the bill describes the establishment of various grant programs aimed at community development, including:
- A Community Restoration Fund to support revitalization efforts in communities.
- Downpayment assistance programs to help individuals and families afford the initial costs of home purchases.
These programs are intended to provide crucial financial support and incentivize community development efforts across different regions.
Streamlining Borrower Eligibility
The legislation emphasizes reducing barriers for potential homebuyers by eliminating the need for extra documentation when determining borrower eligibility for covered mortgage loans. This is intended to simplify the process for obtaining mortgages, making it easier for eligible individuals to become homeowners.
Overall Objectives
Ultimately, the Housing Crisis Response Act of 2025 seeks to create a more equitable housing landscape, promote community development, and facilitate access to affordable housing solutions for diverse populations, especially underserved communities.
Relevant Companies
- HD - Home Depot: May see increased demand for home improvement and repair products due to funding for rural housing repair grants.
- LOW - Lowe's: Similar to Home Depot, Lowe’s may benefit from increased spending on home renovations and repairs stemming from housing initiatives.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Dec. 17, 2025 | Introduced in House |
| Dec. 17, 2025 | Referred to the Committee on Appropriations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Corporate Lobbying
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