ACTION Sends Letter to Senate Appropriators on Protecting HOME Funding

On July 17, the ACTION Campaign's Steering Committee sent a letter to the leaders of the Senate Appropriations Committee and its Transportation, Housing, and Urban Development (THUD) Subcommittee urging them to protect funding for the HOME Investment Partnerships Program (HOME) for federal Fiscal Year 2026 (FY26). While ACTION does not typically weigh in on appropriated programs, the House's THUD Subcommittee proposed to completely eliminate funding for HOME, which is an essential source of gap financing for the Housing Credit. The letter urges the Senate to undo the House's proposal, especially since some 15-20 percent of Housing Credit units per year rely on funding from HOME. Without sufficient soft financing resources such as HOME, Housing Credit production may fall short of expectations and not achieve the full potential of the increase in resources provided under the One Big Beautiful Bill Act.