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Senate Banking Committee Unanimously Advances ROAD to Housing Act

Heading next to the Senate floor under broad industry backing, the bill lacks a finalized cost estimate, facing competition from other legislative priorities.

Committee Chairman Sen. Tim Scott (R-SC) chats with ranking member Sen. Elizabeth Warren (D-MA) as Fed Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing to "examine the Semiannual Monetary Policy Report to the Congress" on Capitol Hill on June 25, 2025, in Washington, D.C.
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Illustration: Aïda Amer/Axios
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Overview

  • The Senate Banking, Housing and Urban Affairs Committee cleared the ROAD to Housing Act of 2025 on a 24-0 vote, marking its first bipartisan housing markup in over a decade.
  • It slashes red tape around zoning and building standards, streamlines environmental reviews and eliminates duplicate regulatory requirements while incentivizing local housing growth with a $1 billion innovation fund.
  • The bill establishes a $30 million national home repair pilot modeled on Pennsylvania’s Whole Home Repairs policy and broadens HUD definitions to include modular manufactured housing without a permanent chassis.
  • Major housing organizations such as the National Association of Realtors, the National Low Income Housing Coalition and the National Association of Home Builders have backed the bill.
  • Supporters say the act could help close a national shortfall of about 4.7 million units by unlocking new construction, expanding financing and boosting regulatory efficiency.