House introduces bill to spur development

By Matthew Kaufman | Multi-Housing News

A bipartisan group of lawmakers in the U.S. House of Representatives has introduced the Housing for the 21st Century Act, which aims to increase housing development and improve affordability.

The legislation is the House’s version of the Senate’s ROAD to Housing Act, which was originally included in the annual National Defense Authorization Act, but was later dropped by the House in the final version of the bill.

Sponsoring the House bill are Committee on Financial Services Chairman French Hill (R-Ark.) and Ranking Member Maxine Waters (D-Calif.), along with Subcommittee on Housing and Insurance Chair Mike Flood (R-Neb.) and Ranking Member Emanuel Cleaver (D-Mo.).

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