US EditionRoad to Housing Act Aims to Tackle Affordable Housing Crisis
UNITED STATES SENATE, JUL 29 – The bipartisan Renewing Opportunity in the American Dream to Housing Act aims to increase housing supply and affordability through expanded grants, loan programs, and regulatory reforms, passing 24-0.
- On July 29, the Senate Banking Committee unanimously approved the bipartisan ROAD to Housing Act to address the national housing crisis.
- The legislation responds to chronic underbuilding worsened by the Great Recession and pandemic supply chain issues that pushed housing affordability to crisis levels.
- The bill includes reforms to appraisal processes, support for manufactured and rural housing, expanded grant programs, and a $1 billion innovation fund to increase housing supply.
- Senator Warnock called it the most transformative housing legislation in two decades, while a Pew poll showed 69 percent of Americans are very concerned about housing costs.
- The bill will proceed to the full Senate floor, but its timeline and chances for final passage and presidential approval remain uncertain despite strong committee support.
15 Articles
15 Articles
Road to Housing Act aims to tackle affordable housing crisis
The scarcity of affordable housing is a crisis nationwide, and northwest Pennsylvania is no exception. Erie County is among several counties that have seen significant growth in housing costs over the last few years. Roma’s Italian Kitchen celebrates National Lasagna Day with Make-A-Wish donation In an effort to tackle the crisis, the Senate Banking, Housing and Urban Affairs Committee unanimously approved the bipartisan Road to Housing Ac…
NAHB Commends Senate Banking Panel For Advancing Housing Legislation - Wood Business
Buddy Hughes, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Lexington, N.C., issued the following statement after the Senate Banking Committee voted to approve the ROAD to Housing Act: “NAHB applauds the Senate Banking Committee for passing a bipartisan housing package to fix the housing crisis by addressing our nation’s critical lack of housing supply. Building more homes is the only way to …
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