Overview
- The Senate passed the 21st Century ROAD to Housing Act in an 89–10 vote, advancing the largest federal housing package in decades focused on boosting supply.
- Core measures streamline federal reviews, promote conversions of vacant buildings, expand financing tools, and modernize manufactured housing by removing the chassis requirement, which analysts estimate can cut $5,000–$10,000 per unit.
- The bill restricts large institutional owners of single-family homes at a 350‑home threshold and requires divestiture within seven years for qualifying investors, a provision critics warn could undercut build‑to‑rent projects.
- House leaders say they will not take up the Senate text as written, pointing to conflicts over the investor cap, trimmed community banking provisions, and a temporary ban on a Federal Reserve digital currency, making amendments or a conference likely.
- The White House has endorsed the Senate version, though President Trump has prioritized the SAVE America Act even as aides dispute reports he would sideline other bills.