21st Century ROAD to Housing Act Clears Congress to Boost U.S. Housing Affordability

21st Century ROAD to Housing Act Clears Congress to Boost U.S. Housing Affordability

U.S.: The 21st Century ROAD to Housing Act Clears Congress to Boost U.S. Housing Affordability after passing the U.S. House of Representatives with a bipartisan 358-32 vote, clearing Congress and awaiting presidential approval, although President Trump postponed the planned signing ceremony while calling for the passage of the SAVE AMERICA ACT. The legislation aims to improve housing affordability by reducing regulatory barriers, accelerating permitting through pre-approved home designs, modernizing federal and local housing processes, strengthening local housing operations, updating manufactured housing rules by making HUD the lead authority on standards, modernizing the HOME Program, and exempting small-scale housing developments from certain federal environmental reviews while providing jurisdictions with greater flexibility and time to commit housing funds.

Source: HBS Dealer