MBA Sends Letter to Senate Leadership on 21st Century ROAD to Housing Act

The Mortgage Bankers Association sent a letter to Senate leadership urging “Yes” votes on final passage of the 21st Century ROAD to Housing Act in its latest amended form.

“Thank you for your collective efforts that have resulted in this current agreed-upon version of a comprehensive housing package now before the Senate–with a vote on final passage of the measure scheduled to take place later this week,” the letter stated. “MBA believes this latest bipartisan iteration of housing legislation represents a positive and balanced attempt to boost housing supply, expand affordable homeownership and rental opportunities, reduce unnecessary regulatory burdens to housing production, embrace modern manufactured and modular housing, and increase collaboration across all agencies that regulate the housing and real estate finance sectors.”

“We also welcome the House leadership’s current plans to quickly consider this latest amendment to the housing package once it clears the Senate–so it can be sent to President Trump for signature as soon as possible,” it continued. “Enactment of these reforms, as now crafted, will represent meaningful progress toward expanding housing opportunities, lowering costs, helping more Americans achieve and sustain homeownership, and supporting a healthier, more affordable rental housing market for families across the country.”

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