Senator Hassan, Congressman Pappas Host Conversation in Manchester on Major Bipartisan Housing Bill That President Trump is Refusing to Sign

MANCHESTER - U.S. Senator Maggie Hassan (D-NH) and Congressman Chris Pappas (NH-01) yesterday toured a middle-class family housing development in Manchester and hosted a conversation with community housing leaders about the bipartisan 21st Century ROAD to Housing Act. The major legislative package, which Senator Hassan and Congressman Pappas pushed, would help lower the cost of housing by banning Wall Street hedge funds and private equity firms from buying up single-family homes, providing funding and cutting red tape to help build more homes for the middle-class, and making it easier for veterans to buy homes.

The House and Senate recently passed the bill with overwhelming bipartisan support. However, last week, President Trump announced that he would not sign it unless Congress first passed the SAVE Act, legislation that would make it harder for eligible Americans to vote. Yesterday, House Speaker Mike Johnson sent the bill to the White House. President Trump has 10 days to sign the bill, veto it, or let it become law without his signature.

"The number one issue that I hear about from Granite Staters is the soaring cost of housing. The 21st Century ROAD to Housing Act will stop Wall Street from buying up single family homes, streamline regulations that make it harder to build housing, and support the construction of new housing. Congress passed this bill with massive bipartisan support, and President Trump's sudden refusal to sign it is wrong, but unsurprising. President Trump is completely disconnected from the real struggles of American families, saying he wants to keep housing prices high, that he doesn't think about people's financial situations, and that he loves inflation," said Senator Hassan. "My understanding is that the Speaker has now sent this bill to President Trump's desk, and it's my sincere hope that President Trump will at least allow this bill to become law without his signature. It's what hard-working Granite Staters both need and deserve."

"Housing is central to the foundation of our families, to our small businesses' ability to recruit and retain talent, and to our communities' ability to grow and thrive. Right now across New Hampshire housing costs are too high, supply is too low, and there are too many barriers to building," said Congressman Pappas. "This major housing legislation takes real steps to bring down prices, streamline construction, and stop Wall Street from jacking up housing prices, but the President refuses to sign it into law. This meeting with housing advocates and community members reaffirmed what I have been hearing from Granite Staters: this bill would make meaningful progress that is urgently needed and we've got to keep pushing forward."

Senator Hassan and Congressman Pappas tour a middle-class family housing development in Manchester

Senator Hassan has worked to address affordability and availability of housing in New Hampshire, including by pushing to successfully restore a tax cut for middle-class homebuyers with mortgage insurance and expand the Low-Income Housing Tax Credit to help increase access to housing that families can more easily afford.

Pappas has worked to ensure Granite State communities have the resources they need to increase affordable housing stock and tackle the housing crisis. Last year he helped introduce the bipartisan Affordable Housing Credit Improvement Act to support affordable housing financing and development by expanding and strengthening the Low-Income Housing Tax Credit. He also co-leads the Supporting Projects to Unleash Residential (SPUR) Housing Act to lower the cost of building new housing developments through a grant program to offset state and local impact fees.

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