WASHINGTON, D.C. — The House overwhelmingly approved the 21st Century ROAD to Housing Act, advancing to President Trump legislation that NAHB helped shape through a years-long advocacy effort to significantly boost housing production. …NAHB Chairman Bill Owens said “the Act will help expand the nation’s housing supply by reducing regulatory barriers and encouraging local governments to reform zoning and land-use policies.” Top 5 Provisions:

• Land-Use and Zoning. The bill targets restrictive zoning and land-use policies that have limited residential construction. It also rewards communities that adopt policies that expand supply.
• Aging Housing Stock. This provision authorizes a pilot program to provide grants and forgivable loans for home repairs and health-hazard mitigation in aging housing.
• Multifamily Financing. Raising FHA-insured multifamily loan limits will support new apartment development.
• Environmental Reviews. This provision streamlines the National Environmental Policy Act review process for small and infill housing projects.
• Community Banks.  Multiple provisions are aimed at strengthening community banks and expanding access to housing credit.

In related coverage:

• CNN Business: Congress passes largest housing affordability bill in a generation
• CBS News: Trump to sign sweeping bipartisan housing affordability bill into law