Affordable HOME Act

The Affordable HOME Act (S. 2234) is a comprehensive legislative proposal designed to increase the availability of low-income housing and provide financial protections for both renters and homebuyers. If passed, the bill would repeal federal limits on building new public housing, significantly increase the number of available housing vouchers, and establish a national "right to counsel" fund to provide legal representation for tenants facing eviction. For those looking to purchase a home, the bill offers federal grants for down payment assistance and creates a 15% annual tax credit for mortgage interest payments. Additionally, the legislation would implement new consumer protections, such as requiring landlords to provide a specific "just cause" for evictions and giving tenants the first opportunity to purchase their building if a landlord decides to sell.