H.R. 9356, known as the “Lasting Home Affordability Act of 2024,” requires the Secretary of the Treasury to set up a pilot program giving grants for low-interest construction loans. These loans are for eligible state agencies and nonprofit organizations, which will use the funds to create...
Simple Explanation
The bill wants to help build or fix homes that people can afford to buy by giving out special loans to groups that can build these homes. It plans to give $100 million to help make this happen, starting in 2025, so that more families can have a nice place to live.