Empower local communities to address their specific housing needs by financing real estate acquisition or conveying property to public housing authorities, mission-driven nonprofits, tenant- or resident-owned cooperatives, state or local governments, and community land trusts.
Finance housing acquisition and development through public housing authorities, mission-driven nonprofits, tenant- or resident-owned cooperatives, state and local governments, and community land trusts.
Occurrences
Evidence
Smith and Ocasio-Cortez said the Homes Act would finance real estate acquisition or convey property to public housing authorities, mission-driven nonprofits, tenant- or resident-owned cooperatives, state or local governments, and community land trusts.
The House amendment added a provision allowing community land trusts, housing cooperatives, or community development corporations to acquire housing developed with federal assistance, and other sections involve public housing agencies and nonprofit housing organizations.
Sen. Tina Smith and Rep. Alexandria Ocasio-Cortez announced the Homes Act, describing it as a bill to finance housing acquisition and development through public housing authorities, mission-driven nonprofits, tenant- or resident-owned cooperatives, state and local governments, and community land trusts.
A later House housing package in May 2026 added provisions involving community land trusts, housing cooperatives, public housing agencies, and nonprofit housing organizations, but it was a separate bill and not evidence that the Homes Act itself had become law.
Assessments
Smith clearly advanced the promise in her current Senate term by introducing the Homes Act in September 2024, a bill that directly matched the commitment to finance housing acquisition and development through public housing authorities, mission-driven nonprofits, cooperatives, state and local governments, and community land trusts. But the available evidence does not show that the Homes Act itself was enacted, and later 2026 housing legislation only shows related concepts moving through Congress rather than Smith delivering the promised financing program into law. That supports partial credit for substantial legislative action, not full delivery.
Tina Smith publicly introduced the Homes Act to finance housing acquisition and development through the listed public, nonprofit, cooperative, and land trust entities, which shows a real legislative attempt to advance the promise. However, the cited evidence does not show enactment or final delivery of the financing mechanism, only introduction and related legislative movement. That makes this a serious but unfulfilled attempt rather than a completed promise.