Currently, the 21st Century ROAD to Housing Act sits in front of the President, waiting for a signature. With many revisions, the bill advanced through the House and the Senate with a historic bipartisan effort. The bill, with over 50 sections, addresses the nation’s housing supply shortage with a drop in regulatory barriers to building and aids in repairing the nation’s aging housing stock.
The 21st Century ROAD to Housing Act is widely supported throughout the housing industry, with the National Association of Home Builders (NAHB) a key player in shaping the legislation. The bill is also supported by the National Association of REALTORS (NAR), the National League of Cities and other organizations.
“This is the most significant housing legislation to pass Congress in nearly 20 years,” said Shannon McGahn, NAR executive vice president and chief advocacy officer. “At a time when affordability remains one of the nation’s greatest challenges, lawmakers came together in a bipartisan way to advance solutions that will help communities build more homes, expand housing opportunities and strengthen pathways to homeownership.”
After President Trump canceled the signing event, homebuilders are still optimistic that it will pass.
“Voters are demanding action on housing supply and affordability, and Congress has delivered a historic bill to address their concerns,” said Bill Owens, chairman of NAHB. “Although there was no bill signing today, we are confident the 21st Century Road to Housing Act will eventually become law.”
