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 month after President Donald Trump allowed it to take effect without his signature, following overwhelming bipartisan passage in Congress.
- Senate Banking Committee Chairman Tim Scott and Massachusetts Senator Elizabeth Warren led the bipartisan effort, consolidating over 60 pieces of legislation to reduce regulatory barriers driving up housing costs.
- 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.
- 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 to implement authorized improvements.
- Warren has already expressed interest in a follow-up bill, dubbed "Road to Housing 2.0," that would include funding to realize the promise of version 1.0 for low-income renters.
15 Articles
15 Articles
Glenn Beck exposes the SECRET loophole in the new housing bill
Congress just passed one of the most significant housing reforms in decades, but the fine print tells a more complicated story.While the new law prevents large corporate landlords from purchasing additional existing single-family homes, it leaves a major exception intact: Companies can still build and own entire rental communities from the ground up.And Blaze Media co-founder Glenn Beck is sounding the alarm.“Two weeks ago, the biggest housing b…
Tiffany skipped every vote on Wisconsin's new housing law
In a campaign ad this spring, US Rep. Tom Tiffany (R-WI) promised to cut red tape and stop Wall Street from buying Wisconsin homes. When Congress voted on a housing law that does both, he didn’t show up. The 21st Century ROAD to Housing Act became law on July 11. It’s the most sweeping federal housing legislation in decades. Title X, central to the law, bars large institutional investors that control 350 or more single-family homes from buying a…
Top Republican outlines housing priorities after major bipartisan bill
EXCLUSIVE — The top housing Republican said there is more work that can still be done after Congress passed the most significant bipartisan housing legislation in decades. The Washington Examiner spoke with Rep. Mike Flood (R-NE), the chairman of the Financial Services Committee‘s housing subcommittee, this week and discussed his next steps after the landmark housing bill became law. HOW THE BIG BEAUTIFUL BILL BECAME LAW: TRUMP LOCKS HORNS WITH …
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…
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