HOME Act of 2025

The HOME Act of 2025 establishes a framework for addressing "unconscionable pricing" of residential rentals and single-family housing during declared affordable housing crises. It prohibits landlords and sellers from charging prices that are "unconscionably excessive" during these crisis periods, which HUD could declare based on specific economic indicators like median home prices, household income, and mortgage rates. The bill creates a new Housing Monitoring and Enforcement Unit within HUD to collect housing market data, investigate potential market manipulation, and enforce the prohibitions using mechanisms similar to those employed by the Federal Trade Commission. It also requires HUD to investigate housing market practices, submit reports to Congress, and deposit penalties into the Housing Trust Fund to support affordable housing for low-income families. The law would give HUD authority to intervene in housing markets during declared crises while maintaining existing state enforcement options.