Landmark Federal Housing Law Tries New Ways to Boost Local Housing
The law won Senate approval 89-10 and sets a 350-unit cap on corporate ownership while expanding aid for first-time buyers.
- The 21st Century ROAD to Housing Act became law earlier this July after President Donald Trump allowed it to take effect without his signature, following widespread bipartisan congressional passage.
- Senate Banking Committee Chairman Tim Scott and Massachusetts Senator Elizabeth Warren led the bipartisan effort, consolidating more than 60 pieces of legislation to address the housing affordability crisis through reduced regulatory barriers.
- A centerpiece provision limits corporate ownership of single-family homes to 350 units, while the law raises the cap on low-income housing tax credits from 15 percent to 20 percent for bank investments.
- California Housing Partnership CEO Matt Schwartz and Housing Authority of the City of Santa Barbara CEO Rob Fredericks criticized the act for lacking direct federal appropriations, limiting housing authorities' ability to implement improvements.
- Warren has already expressed interest in a follow-up bill dubbed 'Road to Housing 2.0' to provide funding for low-income renters as the act takes effect.
11 Articles
11 Articles
Biggest Federal Housing Bill in Decades Opens More Pathways to Affordable Housing on South Coast
The bipartisan 21st Century ROAD to Housing Act paves the way for more low-income housing tax credits, makes it easier to build manufactured housing, and more. The post Biggest Federal Housing Bill in Decades Opens More Pathways to Affordable Housing on South Coast appeared first on The Santa Barbara Independent.
House Passes Landmark Housing Bill to Boost Supply, Curb Wall Street Landlords
In a rare display of bipartisan unity, the U.S. House of Representatives overwhelmingly passed the most significant housing legislation in more than three decades, delivering a major victory for American families struggling with soaring home prices and limited inventory. The 21st Century ROAD to Housing Act cleared the House recently by a decisive 358-32 vote,...
APPROVED - House Approves Landmark Measure 390 to 9
In a rare display of bipartisan unity, the U.S. House of Representatives overwhelmingly passed the most significant housing legislation in more than three decades, delivering a major victory for American families struggling with soaring home prices and limited inventory. The 21st Century ROAD to Housing Act cleared the House recently by a decisive 358-32 vote, one day after the Senate approved the identical measure 85-5. The package now stands a…
Hanford Sentinel
Lodinews.comLandmark federal housing law tries new ways to boost local housing
Championed as one of the most consequential and bipartisan federal housing laws in decades, the 21st Century ROAD to Housing Act enacted this month makes significant changes across federal housing policy. Included in the 139-page law are a host of…
Maha govt clears panel to boost foreign housing investment
Mumbai, July 30 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis on Thursday gave in-principle approval for a high-level committee to attract foreign direct investment (FDI) into the state’s housing sector, while directing the creation of a grievance redressal cell in the Maharashtra Housing and Area Development Authority (MHADA) to ensure transparency in redevelopment projects. Speaking at a review meeting on the housing sector, Fa…
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