U.S. Sens. Tim Scott (R-SC) and Elizabeth Warren (D-MA) released the text of their legislative housing package, the 21st Century ROAD to Housing Act.
The ROAD to Housing Act is built around four core pillars:
- Cutting red tape,
- Unlocking housing supply,
- Lowering costs for families, and
- Including no new mandatory federal spending.
The bill streamlines environmental reviews, modernizes manufactured housing rules, unlocks private investment, updates multifamily financing tools, streamlines construction activities across programs, and limits certain large institutional investors from crowding out families in residential markets.
“2026 is the year of affordability. This week, the Senate is set to vote on housing affordability legislation, the 21st Century ROAD to Housing Act, and my colleagues and I stand ready to deliver it to President Trump’s desk, fulfilling the promise he made to Americans at the State of the Union. Not only is this bill about cutting regulatory red tape, lowering costs, and expanding housing supply while generating no new spending, but it’s about making sure people like the single mom who raised me in North Charleston, South Carolina, have even greater access to economic opportunity and the American dream of homeownership,” Scott said.
The bill includes the vast majority of the housing provisions from the 21st Century Housing Act, which passed the House with overwhelming bipartisan support. It also includes a bill that would ban large institutional investors from buying up single-family homes.
“The 21st Century ROAD to Housing Act will boost housing supply and bring down costs,” Warren said. “The package includes the vast majority of the Senate’s unanimously supported ROAD to Housing Act, incorporates bipartisan housing ideas from the House, and takes a good first step to rein in corporate landlords that are squeezing families out of homeownership. Congress should pass this package and continue working on further legislation to combat our nation’s housing crisis.”
The bill received unanimous support from the Senate last fall. If passed into law, the 21st Century ROAD to Housing Act would mark the largest legislative housing package in decades.