"The ROAD to Housing Act wasn't included in the National Defense Authorization Act (NDAA) released on Sunday, despite speculation that it might sneak in as an attachment to the more urgent priority $900 billion defense spending bill. Still, the bipartisan housing legislation, which enjoys widespread support in both parties, could be signed into law next year. The bill seeks to strip away regulatory barriers and streamline housing development."
"Politico reported last week that the White House and both Senate leaders backed a push to include most of the ROAD to Housing Act in the NDAA. The Senate unanimously approved the housing bill in October, but it has not yet received House approval. House Financial Services Chair French Hill (R-Ark.), co-sponsor of the legislation, fought against the bill's inclusion in the defense bill. Given our Conference has not seen any text, it's unclear how we could support its inclusion in the NDAA,"
The ROAD to Housing Act was not included in the National Defense Authorization Act despite earlier expectations that it might be attached to the $900 billion defense bill. The bipartisan bill aims to remove regulatory barriers and streamline development of affordable and market-rate housing. The Senate unanimously approved the bill in October, but the House has not yet approved it. The House Financial Services Committee plans to review the legislation later this month and work with the Senate on any changes. Conference-level unfamiliarity with bill text prevented support for NDAA inclusion, and stakeholders expressed disappointment but expect renewed action next year.
Read at www.housingwire.com
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