NAAHL Applauds Bipartisan, Bicameral Agreement on 21st Century ROAD to Housing Act

Today, as the Senate considers a revised version of the 21st Century ROAD to Housing Act, the leadership of both the House Financial Services Committee and the Senate Banking Committee announced agreement on a final version of the legislation. The bipartisan housing package was led by Senate Banking Committee Chairman Tim Scott (R-SC), Ranking Member Elizabeth Warren (D-MA), House Financial Services Committee Chairman French Hill (R-AR), and Ranking Member Maxine Waters (D-CA)--representing all four corners of the relevant committees in both chambers. The bill includes a number of provisions aimed at increasing housing supply and bringing down costs for families across the country, and now moves toward final passage and the President’s desk.

“This is a landmark moment for affordable housing in America,” said Sarah Brundage, President & CEO of NAAHL. “Chairman Scott, Ranking Member Warren, Chairman Hill, and Ranking Member Waters have come together in a genuinely bipartisan way to advance meaningful legislation that will expand housing supply, modernize federal programs, and unlock new private investment in communities across the country. This agreement is the result of years of advocacy, negotiation, and genuine cross-aisle commitment to solving one of America’s most pressing challenges. NAAHL strongly applauds this agreement and urges swift final passage. Let’s get this across the finish line.”

NAAHL has long called on Congress to pass bipartisan housing legislation, and today is a meaningful step toward that call being answered. We will continue to advocate for swift passage and will share updates as this moves forward.