US House Passes Revised 21st Century ROAD to Housing Act

The U.S. House of Representatives approved a revised bipartisan version of the 21st Century ROAD to Housing Act on May 20, 2026. The amendment removes the Senate’s original seven‑year divestiture requirement for build‑to‑rent developments, but retains Section 901 – the “Homes Are for People, Not Corporations” provision – which limits corporate owners of 350 or more single‑family units from purchasing additional homes in such projects. The White House has endorsed the House version, and the bill now returns to the Senate for further consideration.

Separate HUD appropriations action on May 21 saw the House appropriations subcommittee approve FY 2027 funding that trims the HOME program from $1.25 billion to $500 million while keeping CDBG at $3.3 billion and modestly increasing Native American housing support. The subcommittee also eliminated “Build America, Buy America” requirements for several housing programs. The news outlet also noted the death of former Rep. Barney Frank, a longtime housing policy champion.

Industry observers expect the revised bill to ease financing pressures on build‑to‑rent developers while still moderating institutional investor participation in single‑family housing markets.