The US Senate passed the 21st Century ROAD to Housing Act in an attempt to bolster the nation’s housing supply. NAHB has previously supported the bill, which had included many favorable positions for the housing industry. But a number of provisions from the House-passed Housing for the 21st Century Act — which NAHB had also supported — were weakened or removed entirely. …The most alarming change, is a mandate that would force the sale of private property based solely on the type of owner. Section 901(c) would force purpose-built single-family rental housing to be sold within seven years if the new owner is defined as a large institutional investor. This provision undermines the production of purpose-built single-family rental housing, which typically serves families seeking rental housing with three or more bedrooms. NAHB believes this requirement would severely curtail investment in single-family rental housing. …NAHB is urging a conference between the House and the Senate.