Florida CARH News

Flood, Cleaver Introduce HOME Reform Act
Legislation Renee Reithel Legislation Renee Reithel

Flood, Cleaver Introduce HOME Reform Act

This week Chairman Mike Flood (R-NE) and Ranking Member Emanuel Cleaver (D-MO) of the Housing and Insurance Subcommittee of the House Financial Services Committee introduced the HOME Reform Act of 2025 (H.R. 5798) that would make numerous changes to the administration of the HOME Investment Partnerships Program. A summary of the most significant changes included in the bill follows.

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HUD Releases Income Limits for Fiscal Year 2025
HUD Renee Reithel HUD Renee Reithel

HUD Releases Income Limits for Fiscal Year 2025

The U.S. Department of Housing and Urban Development (HUD) has announced the FY 2025 Income Limits for various HUD housing programs, which determine eligibility and maximum rents for households receiving rental assistance or living in properties financed by these programs. For FY 2025, income limits increased by a maximum of 9.2%, with a 4.6% average change for Very Low Income households. The new limits, effective immediately, also include updates to geographic area definitions and apply to properties funded by the Housing Credit and Multifamily Bond programs, as well as Multifamily Tax Subsidy Projects.

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