The U.S. House of Representatives overwhelmingly passed the 21st Century ROAD to Housing Act with a 396-13 vote, advancing major reforms designed to increase housing supply and reduce regulatory barriers.
The legislation combines elements from earlier House and Senate packages to address the nationwide shortage of homes that has driven prices and rents to record highs. The bill streamlines federal permitting processes and promotes innovative housing options like modular and manufactured homes.
What the Bill Contains
The measure exempts certain infill and redevelopment projects from lengthy environmental reviews and provides grants to local governments for planning and zoning reforms that encourage construction. The bill raises loan limits for multifamily housing to spur apartment development and strengthens support for rural and veteran housing programs.
Additional provisions modernize financing for small-dollar mortgages and enhance community bank involvement in lending. The package includes targeted restrictions on large institutional investors acquiring single-family homes, aligning with Trump administration priorities to keep properties available for families rather than corporate portfolios.
The bill improves access to credit and updates outdated FHA and VA loan programs while including safeguards for renters. By removing barriers that delay construction and drive up costs, the legislation aims to increase inventory and ease pressure on prices.
Bipartisan Support and Praise
House Financial Services Committee Chairman French Hill said the bill
