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So it is underfunded, because Republicans didn't want to fully fund the effort.
Also, when they talk about "homeowners" replacing their lead pipes, what they really mean is "landlords." Homeowners have an interest in replacing lead pipes because there will be an ROI when they sell, and also the improved quality of life (not spending money on lead filters or bottled water, no cognitive impairment, etc).
The losers in this situation are the corportate slumlords for whom it will cost more to replace water pipes, and who will not see most of the benefit. They'll have a hard time justifying raising the rent by saying "now the water is no longer toxic."
Do you not understand that actual homeowners could get royally fucked? I can't imagine how I would even begin to pay for replacing my home's pipes.
No, explain to me how a law that does not mandate homeowners do anything at all can royally fuck those homeowners?