WASHINGTON, D.C. - Today, Congresswoman Alma S. Adams, Ph.D. (NC-12), released a statement regarding the passage of H.R. 6644, the 21st Century ROAD to Housing Act in Congress.

While this transformative housing bill overwhelmingly passed both chambers in Congress with bipartisan support, the administration has previously refused to make it law until the SAVE America Act had been passed.

Speaker Mike Johnson sent the bill to the President yesterday, on June 29. If not signed or vetoed within ten days of it reaching the President's desk, it will automatically become law, as outlined in the constitution.

"One of the most pressing issues facing North Carolina's 12th District is the skyrocketing cost of housing in Charlotte," said Congresswoman Adams. "This bill will help build new housing, lower mortgage rates and rental costs, and prioritize homebuyers and renters over corporate landlords. Having a space to call your own is an integral part of the American dream; and this legislation will make that dream more accessible for my constituents and Americans across the country."

This historic legislation will:

• Remove unnecessary regulatory barriers and streamline environmental reviews to expedite the development of affordable housing.
• Strengthen the Community Development Block Grant (CDBG) and HOME Investments Partnership Program to provide key funding for affordable housing development.
• Authorize disaster recovery housing programs to get money out to disaster-stricken communities faster - a win for western North Carolina.
• Place restrictions on large institutional investors by capping the number of single-family homes they may purchase.

"With the passage of the 21st Century ROAD to Housing Act, new regulations will be enacted to restrict corporations from buying homes," said Congresswoman Adams. "This issue is important to me, which is why I introduced similar legislation in early 2025."

Corporate housing ownership is a significant concern for Charlotte. As of 2023, corporations owned roughly 20,000 single-family properties in Charlotte. To combat this, Congresswoman Adams introduced the American Neighborhoods Protection Act to place a limit on corporate homeownership and create a fund to construct new housing.

"Charlotte is one of the fastest growing cities in the nation, we don't have room for corporate buyers who corner the housing market, driving up costs and lowering the availability of homes for the families who need them most," added Congresswoman Adams.