Landmark new federal housing law rewards cities that build and penalizes those that don’t

The new 21st Century ROAD to Housing Act is a major bipartisan overhaul of federal housing policy, offering incentives to cities that increase their housing stock while imposing penalties on those that hinder development. This law also restricts certain investors from purchasing homes and simplifies rules for manufactured housing, aiming to make the housing market more accessible and dynamic. Its significance lies in its potential to address the ongoing housing shortage and promote equitable development across urban areas, signaling a pivotal shift in how federal housing policy is managed and enforced.