Housing Bill Takes Aim at Affordability Over the Long-Term

Policy reform offers incremental relief. The ROAD to Housing Act combines targeted reforms to expand housing production, but significant affordability challenges are likely to persist. Institutional ownership provisions preserve build-to-rent projects while adding compliance requirements, rather than an outright ban, for SFR investors. Funding incentives reward jurisdictions already adding housing, while restrictive markets may change little, widening production differences across regions.  

• Institutional provisions preserve BTR while adding compliance rules for SFR investors 
• Funding incentives may favor markets already positioned to add housing
• Streamlined reviews could shorten timelines, though most regulatory costs remain locally driven
• Manufactured housing reforms may widen lower-cost development opportunities