An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Affordable unit

A home or apartment where the rent is low enough for someone earning 80% or less of the average income in that area.

Eligible homeowner

A person who owns and lives in their home, and whose income is below a certain level (either 80% of the area's average income or 200% of federal poverty guidelines).

Eligible landlord

An individual who owns a small number of rental properties (fewer than 10) with most of their units being affordable for low-income tenants, and who agrees to certain rules.

Forgivable loan

A loan given to an eligible landlord for repairs that does not have to be paid back if they follow the rules of the loan agreement for at least three years.

Implementing organization

A state, local government, or approved non-profit group that will manage and run the home repair program at a local level.

Whole-home repairs

Modifications or fixes to homes that improve accessibility for people with disabilities or older adults, address safety and living conditions, or boost energy and water efficiency.

Area median income

The middle income for a specific geographic area; half of the households in that area earn more and half earn less.