The U.S. Senate Committee on Banking, Housing and Urban Affairs published a minority press release covering Ranking Member Elizabeth Warren’s roundtable and press conference with Massachusetts mayors on the bipartisan Renewing Opportunity in the American Dream to Housing Act (ROAD to Housing Act), which the committee advanced in July 2025 by a unanimous 24-0 vote. The bill is framed as an initial step to lower housing costs by expanding housing supply and equipping local communities with tools to reduce regulatory and development barriers. Warren highlighted an estimated shortfall of about 200,000 housing units in Massachusetts and described the legislation as doing three things: expanding the “toolbox” for local housing production, including changes affecting Environmental Protection Agency approvals and manufactured housing; creating an Innovation Fund to support communities that implement locally determined changes to reduce building costs and increase supply, with flexible funding for local needs such as infrastructure and public services; and addressing access issues including housing for homeless veterans, appraisal bias, and homelessness more broadly. She also pointed to private equity acquisitions of housing as an area where further work is needed beyond this measure.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-08-28
U.S. Senate Committee on Banking, Housing and Urban Affairs promotes bipartisan ROAD to Housing Act after unanimous 24-0 committee vote
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a minority press release on the bipartisan Renewing Opportunity in the American Dream to Housing Act (ROAD to Housing Act), aiming to lower housing costs by expanding supply and reducing regulatory barriers. Ranking Member Elizabeth Warren highlighted provisions like expanding local housing production tools, creating an Innovation Fund for cost-reduction initiatives, and addressing issues such as housing for homeless veterans and appraisal bias. Warren also noted the need for further action on private equity acquisitions of housing.