McClain Celebrates Housing Bill Becoming Law to Help More Families Own a Home

WASHINGTON-The 21st Century ROAD to Housing Act, bipartisan housing legislation led by House Committee on Financial Services Chairman French Hill (R-Ark.), is now law.

The bill package includes two provisions championed by House Republican Conference Chairwoman Lisa McClain (R-Mich.) to expand housing supply and give Michigan families more affordable housing options.

"Michigan families should not have to give up on homeownership because there are not enough homes available or because outdated federal rules make ownership more expensive," Chairwoman McClain said. "My Modular Housing Production Act and Build Now Act tackle both sides of the problem. They help communities build more homes and remove financing barriers that stand between families and a home they can afford. These are practical reforms that will give Michigan families more choices and a better chance to achieve the American Dream."

The new law includes provisions from Chairwoman McClain's Modular Housing Production Act to modernize federal financing policies for modular and factory-built homes. The changes help remove outdated barriers that can delay construction and increase costs for homebuyers.

It also includes provisions from Chairwoman McClain's Build Now Act to establish a pilot program that rewards participating communities for expanding housing development. The program gives local leaders additional tools to increase housing supply and create more opportunities for families to purchase a home.

The broader law removes federal barriers to housing construction, updates housing programs, and limits competition from certain large institutional investors in the single-family housing market.