Wagner Supports Transformative Housing Legislation to Lower Costs

Washington, D.C. - Congresswoman Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, released the following statement on the bipartisan amendment to the 21st Century ROAD to Housing Act:

"This is commonsense, family first legislation that lowers costs and increases access to the American dream of home ownership. By getting rid of wasteful regulatory barriers, communities in the greater St. Louis region will be able to build the housing they need to address the high cost of living. Missouri families are feeling the pinch of housing costs, and my House colleagues and I stepped up to streamline home construction and help parents get an affordable mortgage on a house they love. This bill also cuts red tape and allows banks to deploy more capital into their communities, freeing up funding that Missourians can use to finance a home purchase or start a business.

"Today's legislation is the end result of months of bipartisan work to make life easier for our friends and loved ones looking to find a home and I am proud to support it. Stable and affordable housing is crucial to supporting families as they grow the next generation, and this legislation achieves that goal."