U.S. Financial Services Committee says more than 250 groups back House-passed ROAD to Housing Act amendment

The U.S. Financial Services Committee published a roundup of endorsements showing that more than 250 groups support the bipartisan amendment to the 21st Century ROAD to Housing Act after the House passed it by 396 to 13. The statements present the revised bill as a housing supply package that would modernize federal housing programs, reduce some barriers to construction and financing, and expand tools for both homeownership and rental housing. Supporters most often highlighted the removal of a forced-sale provision affecting rental and build-to-rent housing, increases and indexation for multifamily loan limits, and Title IX measures intended to give community banks more flexibility to support housing and local lending. Other provisions cited include reforms to the HOME Investment Partnerships Program and the Community Development Block Grant program, changes for manufactured and modular housing, streamlined federal reviews tied to housing development, rural housing and home repair measures, and veteran-related housing provisions. Many of the groups urged the Senate to move the legislation forward quickly and send a final bill to the President.