I am very honored to rise in support of the 21st Century ROAD to Housing Act. America, Mr. Speaker, faces a housing shortage of well over 4 million homes, while only 1.5 million housing units are built each year. It is a big problem. We have a housing supply program. This bill addresses that shortfall and, importantly, expands affordability in homeownership. Homebuilders tell us their costs are nearly $100,000 before a shovel even hits the dirt due to overregulation, permitting, environmental reviews, and zoning delays. Many can't build a home for less than $250,000. This bill cuts through the blue tape, I tend to call it, by streamlining bank financing for construction and development loans, giving banks greater flexibility to support new housing, which is so very important. It modernizes zoning guidance to create new housing developments, speeds up environmental and project reviews that too often delay construction for months, if not years, and increase costs.
Editor's note · Context
Discussing the 21st Century ROAD to Housing Act and addressing the housing shortage in America.
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