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The Community Housing Act of 2024 authorizes substantial federal investments to expand affordable housing supply and preserve affordability through multiple mechanisms. The bill appropriates $44.5 billion over ten years to the Housing Trust Fund, $1.5 billion to the Capital Magnet Fund, and $24.85 billion for the HOME Investment Partnerships Program, while increasing the GSE basis point fee from 4.2 to 10 basis points. It establishes new programs including shared equity housing funds, a permanent emergency rental assistance program, an eviction protection grant program, and a HUD Office of Community Land Use and Zoning; repeals the Faircloth amendment limiting public housing unit growth; and directs investigation into landlord price-fixing practices and rural housing support.
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