Bipartisan Housing

• The Senate passed H.R. 6644, the 21st Century ROAD to Housing Act, on March 12, 2026, with a bipartisan vote of 89 to 10, combining housing supply and community investment measures. • The bill includes provisions to raise caps on bank community development investments, update the definition of manufactured housing to include modular and prefabricated homes, and restrict large institutional investors from purchasing single-family homes. • The White House Office of Management and Budget issued a statement strongly supporting the Senate amendment and indicating the president's advisors would recommend signing it into law if presented in its current form.

• Senate Banking Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-MA) released the 21st Century ROAD to Housing Act, merging House H.R. 6644 and Senate S. 2651. • Provisions restrict large institutional investors from single-family home purchases, prohibit Federal Reserve digital dollar, and expand manufactured housing via HUD standards. • Bill reflects Trump administration priorities, eliminates chassis requirements for manufactured homes, and reauthorizes PRICE grants for community preservation.

• The U.S. Senate passed a broad bipartisan housing bill on Thursday designed to make U.S. housing more accessible and affordable, marking a rare bipartisan legislative effort to address the nation's growing housing shortage. • The bill represents a significant policy shift aimed at tackling housing affordability challenges facing American families across multiple income levels. • Congressional support for housing reform reflects bipartisan recognition of the critical need to expand housing supply and reduce barriers to homeownership and rental access.