A bipartisan housing package is awaiting final action at the White House

The 21st Century ROAD to Housing Act has successfully passed both the U.S. Senate and House of Representatives with overwhelming bipartisan support. The legislation is considered one of the most significant federal housing packages in recent years, containing dozens of provisions intended to increase housing supply and improve access to affordable housing.

Although a signing ceremony had been planned, the President postponed signing the bill after its passage through Congress. As a result, the legislation remains pending and has not yet become law.

What the bill includes

The legislation contains 59 housing-related provisions that address a wide range of issues, including:

• Expanding housing supply
• Supporting disaster recovery efforts
• Improving manufactured housing opportunities
• Strengthening rural housing programs
• Expanding access to mortgage financing
• Supporting veteran housing initiatives
• Modernizing community banking and housing programs

Read the full bill here.

Many housing organizations, including NAR, have supported the bill because of its focus on increasing the nation's housing inventory and addressing long-term affordability challenges.

Current status

The 21st Century ROAD to Housing Act was presented to the President on June 29. Under the U.S. Constitution, the President has 10 days (excluding Sundays) to sign or veto the bill.  The current deadline is expected to be Thursday, July 9.  There are several outcomes that remain possible:

• The president can sign the bill into law.
• The president can veto the bill, which Congress could attempt to override with a two-thirds vote in both chambers.
• If the president takes no action while Congress remains in session, the bill can become law without a signature after the constitutional review period expires.
• If Congress adjourns before action is taken, the bill could instead receive what is known as a pocket veto.

What caused the delay?

President Trump has indicated he is delaying action on the housing bill while encouraging Congress to advance separate election legislation known as the SAVE Act. The two bills address different policy issues, but the housing legislation has become part of the broader negotiations taking place in Washington.

Looking ahead

For now, the 21st Century ROAD to Housing Act remains in legislative limbo. Until the White House takes action or the constitutional review period expires, the bill's future remains uncertain.

GAAR will continue to monitor developments and share updates as the status of this legislation changes.