On the 55th Anniversary of the Fair Housing Act’s enactment, Senator Tim Scott (R-SC), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, announced the Renewing Opportunity in the American Dream (ROAD) to Housing Act framework. The housing framework offers a comprehensive view of federal housing policies with suggested reforms. ROAD does not include legislative text but outlines four key priorities:  

  1. Safety and soundness;  
  1. Encouraging competition and innovation; 
  1. Providing housing opportunities and combatting homelessness; and  
  1. Holding agencies accountable and reducing regulatory barriers. 

“The ROAD to Housing Act takes a comprehensive view of federal housing policy, introducing long-needed reforms across all segments of the U.S. housing market, centering support around families and communities. For too long, scattershot approaches to assist renters, homeowners and the homeless have failed to produce meaningful results. The ROAD to Housing will pave the way to increasing housing supply, improving quality of life for families, and importantly, providing economic opportunity in communities across the nation.” NH&RA looks forward to working with Ranking Member Scott as legislative text is developed.