Overview
- The combined substitute, titled the 21st Century ROAD to Housing Act, fuses the Senate’s ROAD to Housing Act with the House’s Housing for the 21st Century Act to expand supply, cut red tape, and modernize programs.
- The bill temporarily bars the Federal Reserve from issuing a central bank digital currency through December 31, 2030, with carve-outs for open, permissionless stablecoins.
- A White House–aligned provision would prohibit further single‑family home purchases by entities controlling 350 or more homes, with select exemptions such as certain build‑to‑rent activity reported.
- Negotiators trimmed several earlier proposals, including HUD zoning frameworks, a transit‑near housing incentive, and some House community banking elements, while retaining items like NEPA streamlining, higher FHA multifamily loan limits, and updated manufactured housing definitions.
- The package still requires final Senate passage and House reconciliation, and negotiators say the content remains fluid as they determine which provisions will survive.