Congress Passes '21st Century ROAD to Housing Act' to Address Affordability Crisis

In July 2026, Congress passed the '21st Century ROAD to Housing Act,' marking the most significant federal housing legislation in decades. The act aims to expand housing supply by offering competitive grants and technical assistance to state and local governments that streamline regulations hindering construction. It also loosens federal restrictions on existing housing funds and raises the cap on bank investments in low-income housing tax credits from 15% to 20%.