The Democratic leadership of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Ranking Member Elizabeth Warren and Senate Democratic Leader Chuck Schumer, released a “Broken Promises Report” and convened housing stakeholders as part of a 2026 push on housing affordability, arguing that President Trump has failed to deliver on pledges to lower housing costs. The agenda highlighted legislative and policy options to ease costs for renters and homebuyers, including continued efforts to enact the bipartisan ROAD to Housing Act, which passed the Senate unanimously last fall. Supporting speakers pointed to pressures from rents, mortgage payments and construction costs, and raised concerns about administration actions affecting the U.S. Department of Housing and Urban Development’s staffing and programme funding. The release cited research that nearly half of U.S. renter households are cost-burdened and would need to earn USD 33.63 per hour to afford a modest two-bedroom home at Fair Market Rent, while stakeholders also called for oversight and resourcing of HUD, the Consumer Financial Protection Bureau and the Department of Justice, and for maintaining fair housing and fair lending tools including the Equal Credit Opportunity Act (ECOA). Senate Democrats indicated they will continue pushing the ROAD to Housing Act and related housing affordability measures during 2026.

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