Support for Passage of the 21st Century ROAD to Housing Act

To the Members of the United States Senate and U.S. House of Representatives:

The U.S. Chamber of Commerce supports the amended 21st Century ROAD to Housing Act and commends the bipartisan and bicameral leadership of Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, and House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters, in advancing legislation to expand housing supply and improve affordability.

With America facing a shortage of over 4.7 million homes, expanding supply remains the most effective and sustainable way to improve affordability, support workforce mobility, and strengthen local economies. This supply-focused package would incentivize housing development by modernizing federal housing programs, reducing regulatory barriers, preserving residential and multifamily rental housing options, increasing pathways to homeownership, and encouraging much needed investment and new construction.

The Chamber urges Congress to swiftly pass the amended 21st Century ROAD to Housing Act and send it to the President's desk to be signed into law.

Sincerely,

Neil Bradley
Executive Vice President, Chief Policy Officer,
and Head of Strategic Advocacy
U.S. Chamber of Commerce