S. 3561, known as the “Housing Oversight and Mitigating Exploitation Act of 2024” or the “HOME Act of 2024,” aims to protect consumers from price gouging in residential rental and sale markets during housing crises. The bill establishes regulations for defining and addressing...
Simple Explanation
The HOME Act of 2024 is a plan to make sure the prices of houses and rent don't go too high during a housing problem, and it gives special rules to make it fair for people trying to buy or rent a home. It also checks for anyone being unfair in how they set prices or screen renters, and sets up ways to help those who need more affordable homes.