The U.S. Senate Committee on Banking, Housing and Urban Affairs published a recap and video of a fireside chat in which Chairman Tim Scott and Housing and Urban Development Secretary Scott Turner discussed the committee’s housing agenda, with a focus on the Renewing Opportunity in the American Dream (ROAD) to Housing Act. The discussion highlighted efforts to expand housing access, including the objective of lowering the average age of first-time homebuyers, cited as 38. Chairman Scott also emphasized the bipartisan approach behind the package and pointed to reducing regulatory friction for homebuilders, including updating “antiquated definitions” and removing the “chassis” component to facilitate modular housing, alongside references to the rental assistance demonstration program. In July, the ROAD to Housing Act of 2025 passed unanimously out of the committee in its first bipartisan housing markup in over a decade; the package is described as expanding and preserving housing supply, improving affordability, and increasing oversight and efficiency of federal regulators and housing programs. The bill now awaits a vote on the Senate floor.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-09-09
U.S. Senate Committee on Banking, Housing and Urban Affairs spotlights the ROAD to Housing Act in discussion with HUD Secretary Turner
The U.S. Senate Committee on Banking, Housing and Urban Affairs recapped a discussion between Chairman Tim Scott and Housing Secretary Scott Turner on the ROAD to Housing Act, focusing on expanding housing access and reducing regulatory barriers. The Act, which passed unanimously in July, aims to expand housing supply, improve affordability, and enhance oversight of federal housing programs. It now awaits a Senate floor vote.