The U.S. Senate Committee on Banking, Housing and Urban Affairs published floor remarks by Ranking Member Elizabeth Warren supporting the final version of the 21st Century ROAD to Housing Act as the Senate took its first vote on the measure. In Warren’s description, the bipartisan, bicameral bill brings together more than 45 housing provisions intended to increase supply, lower costs and, for the first time, stop private equity from buying single-family homes. Warren said the package would remove regulatory barriers and streamline environmental reviews for affordable housing, reward communities that build more housing and push those that do not to build more, and cut manufactured housing costs by removing outdated chassis requirements. She also highlighted an Innovation Fund for communities adding housing, changes to preserve affordable rural housing for 400,000 families, stronger Community Development Block Grant and HOME programs, and authorization of the Community Development Block Grant-Disaster Recovery program. Other provisions she cited include funding for local infrastructure, conversion of abandoned buildings into housing, structural home repairs, financing for manufactured and modular housing, measures on veterans’ housing, homelessness and appraisal bias, and fines on corporate landlords that would be used to build more housing and support first-time homebuyers with down payments, closing costs and interest rate buydowns.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-06-16
U.S. Senate Committee on Banking, Housing and Urban Affairs highlights first Senate vote on final 21st Century ROAD to Housing Act
The U.S. Senate Committee on Banking, Housing and Urban Affairs published Elizabeth Warren’s floor remarks supporting the final 21st Century ROAD to Housing Act as the Senate took its first vote on the bill. Warren said the bipartisan measure combines more than 45 provisions to increase housing supply and reduce costs, including streamlined development reviews, manufactured housing changes, rural and community development funding, and a new curb on private equity purchases of single-family homes. She also highlighted fines on corporate landlords that would be redirected to housing construction and first-time homebuyer assistance.