United States Congress
Whole-Home Repairs Act of 2024
March 5, 2024
Summary
The Whole-Home Repairs Act of 2024 proposes a HUD pilot program to provide grants and forgivable loans to eligible homeowners and small landlords (owning fewer than 10 rental properties) for modifications addressing accessibility, safety, and energy efficiency. The bill does not directly impose new requirements on mortgage lenders, servicers, or brokers; instead it creates a funding mechanism for home repairs administered by state/local governments or qualified nonprofits. As a proposed legislation, its impact on mortgage-related entities is indirect and contingent on future enactment and implementation details.
Source: https://www.congress.gov/bill/118th-congress/s-bill/3871
Common questions
- What does "Whole-Home Repairs Act of 2024" cover?
- The Whole-Home Repairs Act of 2024 proposes a HUD pilot program to provide grants and forgivable loans to eligible homeowners and small landlords (owning…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on March 5, 2024.