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21st Century ROAD to Housing Act Becomes Law

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21st Century ROAD to Housing Act Becomes Law Without Trump's Signature 

The 21st Century ROAD to Housing Act (H.R. 6644) officially became law at midnight on July 11, even though President Donald Trump refused to sign the historic bipartisan housing legislation. 

Under federal law, the 381-page bill automatically passes after sitting on the president's desk unsigned for 10 days. The legislation secured overwhelming bipartisan supermajorities in late June (85-5 in the Senate and 358-32 in the House).

H.R. 6644 represents a major step forward in addressing our nation’s housing challenges by addressing housing affordability and supply challenges. It includes a variety of provisions designed to modernize existing federal housing programs, improve the effectiveness of affordable housing initiatives, and encourage greater housing production.

However, CalMatters reported that the bill does little to address California's housing affordability crisis. "Individually, none of the bill’s 56 regulatory tweaks, pilot programs and low-cost loans and grants are likely to move the needle on the nation’s housing affordability woes, nor on California’s specifically." 

Aimed at expanding housing production to combat a nationwide deficit of over 4 million homes, key provisions of the federal housing legislation include:

  • Institutional Buying Bans: Prevents Wall Street firms and major corporate investors from purchasing single-family homes en masse.
  • Zoning Overhauls: Establishes a $200 million grant pool to incentivize municipalities that remove restrictive zoning laws, while slashing Community Development Block Grant funding by 10% for localities that resist expansion.
  • Expands Mortgage Access: Creates a HUD pilot program designed to increase the availability of small-dollar mortgages (under $100,000) and unlocks more private banking capital for local affordable housing.
  • Modernizing Factory-Built Housing: Updates FHA lending standards and draw schedules to give manufactured and modular housing financing parity with site-built homes.

July 13


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