US SB3901

Allows jurisdictions that do not receive Community Development Block Grant (CDBG) funds to use HOME program funds for infrastructure improvements including water and sewer lines, sidewalks, roads, and utility connections when directly related to HOME-assisted or Low-Income Housing Tax Credit housing.

Raises the purchase price limit for HOME-assisted homeownership housing from 95% to 110% of the area median purchase price.

Adds shared equity ownership models, community land trusts, limited equity cooperatives, and community development corporations as approved mechanisms for maintaining long-term housing affordability.

Creates homeownership qualification exceptions for military members who receive deployment orders (90+ days) or permanent change of station orders, allowing jurisdictions to suspend or waive income requirements.

Allows housing to remain qualified as affordable when inherited by heirs or beneficiaries of deceased owners, provided the heir makes it their principal residence and assumes the original owner's obligations.