Congress Gets Serious About Housing
Congress has passed the 21st Century ROAD to Housing Act, aiming to address the housing supply crisis in the U.S. The legislation seeks to ease regulatory burdens for developers and increase housing options for renters and potential homeowners. Pro-housing groups have expressed relief that the most contentious provisions were removed, allowing for a more balanced approach to housing development.
- ▪The U.S. House of Representatives passed the 21st Century ROAD to Housing Act.
- ▪The Act aims to increase housing supply and affordability across the country.
- ▪Pro-housing groups are pleased that the House removed a provision requiring investors to sell single-family rental homes within seven years.
Opening excerpt (first ~120 words) tap to expand
SACRAMENTO, Calif. — On most major issues, Congress has largely been AWOL or consumed by partisan bickering, but once in while it proves that it can pass constructive legislation and — will wonders never cease? — do so in a bipartisan manner. The U.S. House of Representatives just passed a package called the 21st Century ROAD (Renewing Opportunity in the American Dream) to Housing Act. The legislation involves a mishmash of regulatory changes, but lawmakers are finally focused on the right solution: Making it easier for developers to build more housing.“As now written, the Act will be the most significant legislation to increase housing supply in years and has the potential to meet our shared housing goals of providing more housing options and more housing affordability in communities…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The American Spectator | USA News and Politics.
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