House Financial Services Committee backs bipartisan housing amendment
The House is advancing a revised housing measure aimed at expanding home ownership and improving affordability for American families. The bipartisan amendment to the 21st Century ROAD to Housing Act is designed to reduce barriers to home construction, modernize HUD programs and support more community lending by banks.
Highlights
- House Financial Services Committee supports the House amendment to the 21st Century ROAD to Housing Act, which has passed the Senate.
- The amendment aims to remove barriers to new home construction and modernize HUD programs, addressing affordability and housing access.
- The proposal enables banks to more freely allocate funds into local communities, potentially boosting lending amid ongoing housing supply concerns.
Committee position on revised housing bill
As reported by the House Committee on Financial Services, Chairman French Hill says the House amendment to the 21st Century ROAD to Housing Act has passed the Senate and incorporates concerns raised over the last couple of months by hundreds of members and stakeholders.Hill says the measure aligns with President Trump's housing agenda and is intended to put American families first while widening access to home ownership and improving affordability.
Expected effects on housing and lending
The amendment seeks to cut what Hill describes as unnecessary barriers to new home construction and to modernize HUD programs as lawmakers continue to refine federal housing policy.Hill also says the proposal allows banks to deploy funding more freely into their communities, a change that could support local lending activity as policymakers weigh housing supply and affordability pressures.
Our earlier coverage of the House Appropriations Committee’s advance of the FY2027 Commerce, Justice, Science (CJS) spending bill outlined how lawmakers set a $77.341 billion topline and steered funding toward law enforcement, fentanyl response, research priorities and measures aimed at countering China. We noted key amendments adopted and rejected during markup, as well as the broader signal the lower funding level sends about continued budget pressure as the bill moves through the appropriations process.
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