Rep. Mann, Real Estate Caucus Co-Chairs Applaud Passage of Bipartisan Affordable Housing Bill

WASHINGTON, D.C. – Today, the Co-Chairs of the bipartisan Congressional Real Estate Caucus, Reps. Tracey Mann (KS-01), Mark Alford (MO-04), Lou Correa (CA-46), and Brittany Pettersen (CO-04), celebrated the House Amendment to the 21st Century ROAD to Housing Act passing the U.S. House of Representatives with overwhelming bipartisan support.

The House version of the 21st Century ROAD to Housing Act expands homeownership and makes housing more affordable by focusing the efforts of local, state, and federal governments on reforming housing programs, removing unnecessary barriers to housing development, expanding financing, providing new protections for renters, and preventing large institutional investors from pricing families out of the market.

“Homeownership is central to the American Dream, but for too many Kansas families, that dream feels further out of reach every year,” said Rep. Mann. “The best way to bring down housing costs is to increase supply, cut through red tape, and support policies that allow more homes to be built. As Co-Chair of the Congressional Real Estate Caucus, I was proud to work with my colleagues to improve this legislation and remove provisions that would have lowered our housing supply. The House-passed 21st Century ROAD to Housing Act takes a commonsense, bipartisan approach to expanding access to affordable housing and helping more Americans achieve the dream of owning a home.”

“I hear from hardworking Missouri families every single day about how the skyrocketing cost of housing is crushing their budgets,” said Congressman Alford. “Today, Congress is finally doing something about it. I was proud to support this commonsense legislation to expand homeownership, lower costs, and increase supply. We’re one step closer to saving the American Dream, and I urge my colleagues in the Senate to swiftly pass this amended bill to send it to President Trump’s desk.”

“The housing affordability crisis hit people across Orange County particularly hard, with skyrocketing home prices shutting out too many people from owning their own home, a core component of the American Dream,” said Rep. Correa. “I am pleased that this bipartisan legislation would make housing more affordable and encourage the building of new homes. This will benefit not only families in Southern California, but across the country.”

In April, the Real Estate Caucus Co-Chairs led a letter signed by 76 Members of Congress urging House leadership to strip or revise provisions to ban Build-to-Rent homebuilding from the Senate’s ROAD to Housing Act before any package came to the House floor. 

The House Amendment successfully addresses those concerns, which is why the Real Estate Caucus officially endorsed the updated legislation last week.

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