On July 11, the 21st Century ROAD to Housing Act — a landmark bipartisan housing package that ACA championed — became law. ACA had actively supported and advocated for legislation that will expand and preserve the country’s housing supply, improve housing affordability, and drive job growth.
Notably, enactment of this comprehensive housing legislation was a top ACA advocacy priority set forth under the association’s Strategic Plan, as paint and coatings products will continue to play a vital role in both new construction and renovation efforts.
On June 23, the U.S. House of Representatives voted 358-32 for the bipartisan 21st Century ROAD to Housing Act just one day after the U.S. Senate passed the legislation by a vote of 85-5.
By tackling barriers such as zoning and land-use restrictions, enhancing stakeholder engagement with state and local governments to boost housing production, expanding access to guaranteed loan programs, and modernizing borrowing strategies to better reflect current construction costs, this new law takes meaningful steps toward increasing housing supply. Equally important are the provisions supporting whole-home repairs and preservation of the existing housing supply, as well as measures like those in the Build Now Act that tie community development resources to accelerated homebuilding.
ACA hailed this bipartisan Congressional effort to address the nation’s housing challenges through a bipartisan framework that recognizes the need for regulatory reform, expanded financing tools, and maintenance of the current housing inventory.