U.S. Senate advances bipartisan housing bill to address affordability
The Senate passes the 21st Century ROAD to Housing Act, marking a bipartisan push to address housing affordability and expand support for families across the country. The measure is presented as the product of years of work across the White House, Senate, and House, with backers arguing it can still clear both chambers and become law.
Highlights
- The Senate advanced the bipartisan 21st Century ROAD to Housing Act, led by Elizabeth Warren and Tim Scott, to address the U.S. housing affordability crisis.
- The bill aims to boost housing supply and expand access to affordable housing, with prospects for passage in both the Senate and House.
- The legislation keeps housing policy central on the congressional agenda as households across the U.S. face persistent high housing costs.
Bipartisan bill moves forward in Senate
As reported by the Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren, the ranking member of the committee, and Senator Tim Scott, its chairman, welcome Senate passage of their 21st Century ROAD to Housing Act.In a joint statement, Warren and Scott say the bipartisan vote is an important step toward addressing the U.S. housing affordability crisis and giving families a fair shot at homeownership and stability. They say the bill is designed to increase housing supply, expand access to affordable housing, and put families first.
Housing policy push faces next stage
Warren and Scott describe the legislation as a bipartisan, bicameral package shaped by priorities from the White House, the Senate, and the House over several years. They say the measure is built to win approval in both chambers and eventually become law.The senators also say they will keep working together to move the bill across the finish line. The vote keeps housing affordability at the center of the congressional agenda as policymakers seek broader relief for households facing high housing costs across the U.S.
In our earlier coverage of the 21st Century ROAD to Housing Act, we explained how lawmakers advanced a bipartisan housing package aimed at easing the affordability crunch by boosting the supply of homes. We noted measures such as limiting large investment firms’ ownership of single-family homes, speeding up certain building and review processes, and expanding access to financing tools like small-dollar mortgages for first-time buyers.
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