A key housing affordability bill—the 21st Century ROAD to Housing Act—passed the House of Representatives on May 20.
The House voted 396–13, sending it back to the Senate for final approval.
Supporters say the legislation will help increase the number of new homes and lower costs, as it contains several provisions that would support the creation of supply.
Some of the measures consist of cutting red tape in environmental reviews, authorizing a pilot program offering competitive grants, and encouraging local zoning reform.
One facet of the bill is its restriction on large institutional investors from purchasing single-family homes. Both chambers have made slight adjustments to an idea that initially received the White House’s endorsement….
House Passes Key Housing Affordability Bill
