The 21st Century ROAD to Housing Act becomes law to increase supply and limit large institutional investors.
The 21st Century ROAD to Housing Act officially became law on July 11 after President Trump neither signed nor vetoed the bipartisan measure. The legislation aims to address the national housing shortage by reducing regulatory barriers, streamlining environmental reviews, and encouraging local governments to reform zoning policies. A key provision of the act limits large institutional investors who own 350 or more single-family homes from purchasing additional units, though they are not required to sell their existing stock. The law also seeks to lower costs by removing the requirement for factory-built homes to sit on a permanent wheeled chassis, a move that could save homeowners thousands of dollars. Additionally, the act establishes a four-year pilot program to expand the availability of small mortgages under $100,000. While the administration announced the bill as a significant step toward affordability, experts note that relief will not be immediate. Because housing development is a long-term process, the benefits of the new law are expected to materialize gradually as construction catches up to demand.