Rep. Mike Flood (R-NE), Chair of the House Financial Services Housing and Insurance Subcommittee, announced he hopes to hold an October markup for the HOME Reform Act of 2025, a bipartisan proposal to modernize the HOME Investment Partnerships Program for the first time since 1992.
In Context: In late July, Chairman Flood held a hearing for the bill.
- Our writeup on this hearing can be found here along with a summary of the key provisions in the bill.
- Representative Mike Flood (R-NE) has been collecting feedback on how to improve the HOME Investment Partnerships Program, specifically outlining what he calls the “Four Horsemen of the Housing Apocalypse”: federal requirements that drive up costs across all affordable housing including environmental reviews, Build America Buy America (BABA), Davis Bacon, and Section 3.
Why This Matters: Congressman Flood’s office is asking for BABA case studies showing how BABA drives up the cost of construction. This information will be used to gain support on the bill from other members of Congress. If you have any information we can provide to his office, please send an email to Ilana Morof.
