Press Releases

WASHINGTON— Today, House Republicans passed the 21st Century ROAD to Housing Act, bipartisan legislation led by House Committee on Financial Services Chairman French Hill (R-Ark.). The bill delivers savings to Americans by expanding housing supply, modernizing housing programs, and lowering costs for families trying to buy a home

House Republican Chairwoman Lisa McClain (R-Mich.) and Chairman Hill released the following statements:

“Americans are tired of watching the dream of homeownership slip further out of reach,” Chairwoman McClain said. “House Republicans are focused on lowering costs, expanding housing supply, and giving families a fair shot at owning a home again. I'm especially proud this package includes provisions from my Modular Housing Production and Build Now Acts, which removes outdated financing barriers and gives families more affordable options. More choices, lower costs, and fewer bureaucratic hurdles is how we make the American Dream attainable again.”

“For over two years, I have worked to give more Americans greater choice and affordability on the path to homeownership,” Chairman Hill said. “Throughout the process, I have fought to increase the supply of housing, cut red tape, increase capital, and make local rules and zoning more competitive. We have achieved that by strengthening community banks, preventing institutional investors from outcompeting American families for homes, and modernizing building codes. This is a true bicameral, bipartisan product that demonstrates what can happen when both chambers work together to deliver real solutions. I thank Ranking Member Waters and Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren for their work in advancing this housing package.”

The United States faces an estimated housing shortage of roughly 5.5 million units, which has led to higher rent, higher home prices, and fewer affordable options. The 21st Century ROAD to Housing Act lowers costs and increases housing options by:

Removing unnecessary regulatory barriers to streamline housing development and affordability.

Raising FHA loan limits for multifamily housing projects.

Modernizing inflation adjustments for multifamily housing loans.

Limiting large institutional investors from purchasing additional single-family homes.

Expanding eligibility and flexibility under the HOME Investment Partnerships Program.

Creating grants to help communities plan for housing growth and development.

Streamlining environmental reviews for certain housing projects.

Protecting veterans' VASH housing eligibility by excluding disability benefits from income calculations.

Modernizing federal rules for manufactured and modular housing.

Strengthening oversight of HUD-approved housing counseling organizations.

Increasing transparency by requiring public housing agencies to post contract information online.

Chairwoman McClain’s Modular Housing Production Act language updates federal financing rules for modular and factory-built homes. It helps ensure families are not punished with outdated financing barriers for choosing a more affordable path to homeownership. The package also includes provisions from her Build Now Act to encourage new housing development and help communities expand housing supply.

Section 1001, known as “Homes Are For People, Not Corporations,” restricts large institutional investors that own at least 350 single-family homes from purchasing additional single-family homes. That provision builds on President Trump’s January 2026 executive order, "Stopping Wall Street from Competing with Main Street Homebuyers," which declares that large institutional investors should not buy single-family homes that could otherwise be purchased by American families.