MBA Statement on the House Financial Services Committee’s Housing Legislative Package  

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the comprehensive housing legislative package, the Housing for the 21st Century Act, introduced by House Financial Services Chairman French Hill (R-AR) and a bipartisan group of Committee members:  

“Housing affordability is a bipartisan issue that demands federal, state, and local solutions. MBA welcomes the heightened focus on this important issue from both the Trump administration and Congress.

“We are proud to support the pro-housing proposals introduced by House Financial Services Committee Chair French Hill, Ranking Member Maxine Waters (D-CA), and a bipartisan group of lawmakers, which advance several MBA-backed reforms. These include updating Federal Housing Administration multifamily loan limits, streamlining federal housing program offerings, improving financing options for Rural Housing Service loans, providing targeted support for construction and rehabilitation, and fostering coordination among federal agencies and Congress. Many of those same priorities are reflected in the Senate Banking Committee Chairman Tim Scott-led (R-SC) ROAD to Housing Act, which MBA also supports for its numerous measures that benefit both prospective homeowners and renters. 

“MBA is a strong advocate for policies that boost housing supply and improve affordability. We will work with House and Senate leaders on both sides of the aisle to reconcile differences and to build momentum toward pushing meaningful legislation across the finish line as soon as possible.”