"The bill, which involves a wide range of policy approaches to address housing affordability, including provisions to boost supply, modernize financing options, reduce regulatory barriers and promote economic mobility, previously passed the Senate Committee on Banking, Housing, and Urban Affairs in July with a unanimous 24-0 vote. Today, the Senate took a historic step towards addressing our nation's worsening housing crisis and bringing down costs for the American people by passing the bipartisan ROAD to Housing Act,"
"This landmark legislation the first of its kind in more than a decade takes important steps to boost the nation's housing supply, improve housing affordability, and increase oversight and efficiency of federal regulators and housing programs. I look forward to working with my colleagues in the House to get the bill to the President's desk. The Mortgage Bankers Associations CEO and President Bob Broeksmit called the Senate's passage of the ROAD to Housing Act a win for housing affordability and consumers."
The Senate passed the bipartisan ROAD to Housing Act following a unanimous 24-0 committee vote. The bill includes provisions to boost housing supply, modernize financing options, reduce regulatory barriers, and promote economic mobility. The legislation aims to increase oversight and efficiency of federal housing regulators and programs. Congressional proponents intend to advance the measure to the House and ultimately to the President's desk. The Mortgage Bankers Association praised the passage and said it will work with leaders to strengthen lender-liability and second-appraisal provisions. The National Housing Conference noted the widespread impact of the housing affordability crisis.
Read at www.housingwire.com
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