The 21st Century ROAD to Housing Act clears the House with strong bipartisan support, pressuring real estate stocks ahead of final approval.
The U.S. House approved the 21st Century ROAD to Housing Act by a 358-32 vote on Tuesday, advancing the affordable housing legislation to President Donald Trump. The bill aims to expand funding and incentives for low-income housing development, a move analysts say could reshape demand in the real estate sector.
The vote follows months of negotiations and marks the first major housing policy update in over a decade. Prior versions of the bill stalled in Congress due to partisan disputes over funding mechanisms, but the current measure gained traction after bipartisan compromises on tax credits and zoning reforms.
Shares of homebuilders and multifamily REITs dipped in after-hours trading as investors weighed potential regulatory impacts. The bill’s final fate now rests with Trump, who has not publicly signaled his stance.