House Financial Services Committee advances housing bill revisions

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House advances housing bill revisions

Highlights

House Financial Services Committee advances revised H.R. 6644, the 21st Century ROAD to Housing Act, adding community banking provisions and targeting regulatory barriers hindering affordability.
Bipartisan support from Chairman French Hill and Ranking Member Maxine Waters increases pressure on the Senate to adopt reforms aimed at expanding homeownership and increasing housing supply.
The revised legislation seeks to reform housing programs, expedite innovative development such as modular homes, and enhance renter and community protections amid rising rents and affordability challenges.

Revised bill targets affordability barriers

As reported by the House Committee on Financial Services, Chairman French Hill and Ranking Member Maxine Waters unveil the text of a resolution to bring up H.R. 6644, the 21st Century ROAD to Housing Act, with changes to the version already passed by the Senate.

The House amendment is designed to address concerns raised by House members and market participants through what committee leaders describe as a more balanced and workable approach. It also adds back community banking provisions and keeps measures focused on streamlining housing development, improving affordability, updating outdated programs and reducing regulatory barriers.

Hill says the revised legislation follows months of bipartisan collaboration and stakeholder feedback. He says the bill is intended to expand homeownership, lower costs tied to regulation, increase housing supply nationwide and respond to President Trump’s call to limit competition from institutional investors in the homebuying market.

Bipartisan push raises pressure on Senate

Waters says the U.S. remains in the middle of an affordable housing and homelessness crisis, with working families facing rising rents and homeownership moving further out of reach. She says the House is acting because delays are worsening conditions for households struggling to keep stable housing.

She also says the legislation would reform housing programs, remove barriers slowing the development of affordable and innovative housing, including modular homes, and strengthen protections for renters and communities. The bipartisan backing from the committee’s top Republican and Democrat adds momentum to the measure as House leaders press the Senate to advance a bicameral package that can be signed into law.

Our earlier report on the BUILD America 250 Act covered House committee leaders’ rollout of a bipartisan five-year surface transportation reauthorization package designed to boost investment in roads, bridges, transit, rail, and safety programs. We noted the bill’s focus on streamlining project delivery, updating funding mechanisms such as the Highway Trust Fund, and setting policy frameworks for areas including rail safety and autonomous commercial vehicles.

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