Overview
- The House voted 396–13 to pass an amended version of the 21st Century ROAD to Housing Act on Wednesday, inserting its own text into the Senate bill and sending the package back to the Senate for final action.
- The White House publicly endorsed the House text and said the president would sign it, yet Senate Banking leaders Tim Scott and Elizabeth Warren issued a joint statement saying "there’s still work to be done" before the chamber can pass a final bill.
- Both chambers target large institutional investors by defining them as entities that own roughly 350 or more single‑family homes, but the House removed the Senate’s seven‑year forced‑sale rule for build‑to‑rent projects that would have required such properties to be sold after seven years.
- House negotiators added community‑banking relief to ease lending and examinations for smaller banks and to help small builders secure construction loans, a change that some Senate Democrats oppose and that could complicate reaching the 60‑vote threshold in the Senate.
- If enacted the bill pairs investor limits with supply‑side reforms — faster permitting, narrowed environmental reviews, manufactured housing support and construction lending boosts — changes that could lower costs for some buyers but also affect where capital flows and how new rental housing is financed.