Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The HOME Act of 2025 aims to prevent price gouging in residential rental and home sale markets during affordable housing crises. When the Secretary of Housing and Urban Development (HUD) declares an affordable housing crisis, the bill makes it illegal for landlords or home sellers to charge "unconscionably excessive" prices that exploit the crisis situation—though sellers can defend price increases if they reflect genuine additional costs or risks. The bill gives HUD enforcement authority similar to the Federal Trade Commission's, allows state attorneys general to pursue violators on behalf of residents, and directs penalties into the Housing Trust Fund to support affordable housing for low-income families. Additionally, the legislation establishes a new HUD monitoring unit to track housing market data for manipulation and institutional investor activity, requires a HUD report on housing price manipulation within 270 days (funded at $1 million), directs agencies to investigate unfair screening practices and anti-competitive behaviors in housing markets, and restricts Fannie Mae and Freddie Mac from purchasing multifamily mortgages that could lead to excessive rent increases. The pricing prohibition can apply for up to 30 days at a time and may be renewed but cannot exceed specified durations.
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