Senate Banking Committee Unanimously Passes Landmark Housing Bill

Affordable Housing Supply
Written By National Association of Affordable Housing Lenders

This morning, the Senate Banking Committee unanimously advanced the bipartisan ROAD to
Housing Act to the full Senate. The Committee passed the bill 24-0 without amendment.


NAAHL summarized this sweeping, bipartisan bill, which includes provisions to expand housing
supply, streamline regulatory requirements, and encourage new investment in affordable housing.


“NAAHL applauds Chair Scott, Ranking Member Warren, and all members of the
Banking Committee for their commitment to addressing our nation’s affordable housing
crisis and their collaboration on this bipartisan housing package,” said National Association
of Affordable Housing Lenders President and CEO Sarah Brundage. “The ROAD to Housing
Act will increase investments and remove unnecessary barriers to development to boost
housing supply, bringing down housing costs for American families in urban, suburban,
and rural communities.”


NAAHL urges Congress to adopt the ROAD to Housing Act quickly and to pair it with
investments in housing through the tax code, particularly the Neighborhood Homes Investment
Act and provisions of the Affordable Housing Credit Improvement Act to boost affordable
homeownership and affordable rental housing in rural and Tribal communities.


Housing and community development leaders and local policymakers joined NAAHL in
supporting the bipartisan ROAD to Housing Act. Click here for the Committee’s roundup of key
stakeholders voicing support for the legislation.


Click here to watch the Committee’s markup.

National Association of Affordable Housing Lenders

NAAHL is the only national alliance of banks, CDFIs, and other capital providers dedicated to expanding economic opportunity by financing affordable housing and neighborhood revitalization. NAAHL has worked to advance responsible community reinvestment, fight predatory lending, and strengthen public-private partnerships.

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