Landmark federal housing law tries new ways to boost local building

The 21st Century ROAD to Housing Act represents a major shift in federal housing policy, aiming to stimulate local building and development by restricting certain institutional investors from purchasing homes and easing regulations for manufactured housing. This bipartisan legislation could reshape the housing market, making it more accessible for local families and reducing the influence of large, often absentee investors. The law's potential to boost local economies and create more affordable housing options is significant, especially in the context of ongoing housing shortages and rising property prices.