Mike Flood

02/09/2026 | Press release | Distributed by Public on 02/09/2026 20:13

Congressman Flood Celebrates House Passage of Landmark Bipartisan Housing Affordability Package

WASHINGTON, D.C. -Today, U.S. Congressman Mike Flood released the following statement after the House of Representatives passed the bipartisan Housing for the 21st Century Act. The legislation reflects a year-long, bipartisan effort led by Congressman Flood and the Financial Services Committee to address rising housing costs. The package was led by Flood along with FSC Chairman French Hill (R-AR), FSC Ranking Member Maxine Waters (D-CA), Housing & Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO).
"America's significant housing shortage is locking entire generations out of homeownership," said Congressman Flood. "As the Chairman of the Housing & Insurance Subcommittee, I'm proud of the broad support this housing package received every step of the way. Today's vote shows that bipartisanship is still alive in Washington and continues to be crucial to solving our shared challenges. Now that the legislation has passed the House floor, I look forward to working with our colleagues in the Senate to get housing affordability legislation to President Trump's desk swiftly."
The Housing for the 21st Century Act includes several bipartisan bills authored by Congressman Flood. Additional summaries of his legislation included in the package are available here and below. Video of Congressman Flood's remarks ahead of the vote on the House floor can be accessed here.
More information on the Housing for the 21st Century Act, including the full text of the legislation, is available here.
Congressman Flood serves as Chairman of the Housing & Insurance Subcommittee and as Chair of the Republican Main Street Caucus.
Chairman Flood Initiatives Contained in the Housing for the 21st Century Act

The HOME Reform Act

The HOME Reform Act modernizes the HOME Investment Partnership Program by exempting projects from NEPA and Build America, Buy America requirements as well as establishing a "small project" exemption under Section 3 of the HUD Act of 1968. The bill raises income eligibility to 100% of area median income, extends the time communities have to commit funds, updates definitions of affordable single and multifamily housing, as well as allows funds to be used for infrastructure tied directly to new housing, such as sidewalks, sewers, and utility connections.

Read the initial press release on the HOME Reform Acthere. The bill was co-introduced by Housing & Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO).

The Housing Supply Frameworks Act

The House Supply Frameworks Act requires HUD to publish best practices and guidelines to assist communities in maintaining modern local and state zoning frameworks that support the production of adequate housing options at every income level.
Read the initial press release on the Housing Supply Frameworks Acthere. The bill was co-introduced by Congresswoman Brittany Pettersen (D-CO).
The Identifying Regulatory Barriers to Housing Supply Act
The Identifying Regulatory barriers to Housing Supply Act requires communities that receive Community Development Block Grant (CDBG) program funds to submit to HUD information regarding their implementation of certain land-use policies, such as policies for expanding high-density single-family and multifamily zoning.
Read the initial press release on the Identifying Regulatory Barriers to Housing Supply Acthere. The bill was co-introduced by Congresswoman Brittany Pettersen (D-CO).
The Streamlining Manufactured Housing Standards Act
The Streamlining Manufactured Housing Standards Act clarifies that the Department of Housing and Urban Development is the primary regulator as it relates to all manufactured housing building standards.
Read the initial press release on the Streamlining Manufactured Housing Starts Acthere. The bill was co-introduced by Housing & Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO).
Unlocking Housing Supply Through Streamlined and Modernized Reviews Act
The Unlocking Housing Supply Through Streamlined and Modernized Reviews Act streamlines the environmental review process for a range of Department of Housing and Urban Development building activities.
Read the initial press release on the Unlocking Housing Supply Through Streamlined and Modernized Reviews Acthere. The bill was co-introduced by Congressman Sam Liccardo (D-CA).
Least Cost Exception Act
The Least Cost Exception Act amends the Federal Deposit Insurance act to modify the least cost resolution mandate and provide the FDIC with the discretion to approve a bid for a failed or failing bank other than the absolute least cost bid under certain conditions. By providing flexibility under the least cost mandate, this legislation would ensure small and mid-size institutions play on a level field with the largest financial institutions in the country.
Mike Flood published this content on February 09, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 10, 2026 at 02:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]