Landmark federal housing law tries new ways to boost local building
A residential duplex set for construction in Chicago. The 21st Century Road to Housing Act is being hailed for allowing municipalities to do more, such as construct affordable housing, with federal grant money.
Photo by Robbie Sequeira/Stateline
Championed as one of the most consequential and bipartisan federal housing laws in decades, the 21st Century ROAD to Housing Act enacted this month makes significant changes across federal housing policy.
Included in the 139-page law are a host of provisions that will restrict some institutional investors from buying homes, ease rules for manufactured housing and expand assistance for veterans. But some of its most notable provisions give local governments greater flexibility in using federal grants while introducing new financial rewards and penalties tied to housing production.
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