Senate Committee Passes Landmark Housing Bill

The Road to Housing Act of 2025 was passed unanimously yesterday out of the Senate Banking, Housing, and Urban Affairs Committee on Tuesday by a vote of 24-0.  

The legislation, co-sponsored by Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., hopes to address the hurdles the government has placed in the way of building new housing. Scott and Warren are the chairman and ranking member, respectively, of the committee. 

According to the committee, the panel’s work on Tuesday was the first bipartisan housing markup in more than a decade.  

A section-by-section analysis of the bill may be accessed here, and the legislative language can be found here.  This comprehensive legislation touches on a number of priority areas like lifting the cap on RAD developments, reassessing NEPA requirements, leveraging federal resources to reduce zoning requirements that limit housing development, and increasing the ability to produce housing in opportunity zones.  Another significant provision would raise private investment in low-income housing projects by increasing the statutory cap limiting banks’ investments in these projects. It also changes HUD’s definition of manufactured housing to also include modular or prefabricated housing units.  

This legislation comes amid a flush of bipartisan housing proposals in the House, which we have previously reported on, led by Housing and Insurance subcommittee chair Mike Flood (R-NE).  

Following our success with the LIHTC, we look forward to adding additional resources and eliminating many of the hurdles that have blocked the production of affordable housing and/or made it more economically challenging.  We welcome your comments as we work with the Senators, Members of Congress, and their staffs on these proposals.