Rep. John McGuire Applauds the Passage of the 21st Century ROAD to Housing Act

WASHINGTON, D.C. - Following the passage of the 21st Century ROAD to Housing Act, Representative John McGuire (VA-05) issued the following statement.

"The American Dream of homeownership is slipping further out of reach for too many hardworking American families," said Rep. John McGuire (VA-05). "For years, burdensome regulations, rising construction costs, and bureaucratic red tape have kept our housing supply from meeting demand. This has lead to higher prices and makes owning a home far more difficult than it should be. I am proud to support the 21st Century ROAD to Housing Act. This bill takes meaningful steps to increase supply, reduce barriers to construction, modernize housing programs, and empower community banks to finance new development. This bipartisan legislation will help build more homes, lower costs for families, and deliver on President Trump's commitment to putting American homebuyers ahead of large institutional corporate investors. Every American deserves a fair shot at achieving the American Dream, and this bill moves us closer to that goal."

Background:

• America faces a housing shortage of up to 5.5 million homes, driven by rising construction costs, burdensome regulations, outdated zoning policies, and limited access to financing for builders.
• The bipartisan 21st Century ROAD to Housing Act expands housing supply by cutting red tape, streamlining permitting, modernizing HUD programs, and supporting the construction of single-family homes, multifamily housing, apartments, and manufactured homes.
• The legislation strengthens community and rural banks, increases access to construction financing, and delivers on President Trump's goal of making homeownership more attainable for American families by boosting supply and reducing unnecessary government barriers.