CORREA, REAL ESTATE CAUCUS CELEBRATES PASSAGE OF BIPARTISAN HOUSING AFFORDABILITY PACKAGE

WASHINGTON - Today, the bipartisan co-chairs of the Congressional Real Estate Caucus-U.S. Representatives Lou Correa (CA-46). Mark Alford (MO-04), Tracey Mann (KS-01), and Brittany Pettersen (CO-04)-celebrated the U.S. House of Representatives passing the House Amendment to the 21st Century ROAD to Housing Act (H.R.6644) with overwhelming bipartisan support. H.R.6644 is a package of housing bills aimed at making homeownership more accessible in several ways, including reforming housing counseling and financial literacy programs, increasing access to small-dollar mortgages, increasing the multifamily loan limits to better match housing market costs and increasing affordability, prohibiting corporate landlords from buying homes, and creating a renter hotline and resource center.

"The housing affordability crisis hit people across Orange County particularly hard, with skyrocketing home prices shutting out too many people from owning their own home, a core component of the American Dream," said Rep. Lou Correa. "I am pleased that this bipartisan legislation would make housing more affordable and encourage the building of new homes. This will benefit not only families in Southern California, but across the country."

The House version of the 21st Century ROAD to Housing Act expands homeownership and makes housing more affordable by focusing the efforts of local, state and federal governments on reforming and improving housing programs, removing unnecessary barriers to housing development, expanding financing for housing and community investment, supporting the development of innovative housing like modular homes, providing new protections for renters and improving programs to end homelessness. This legislation also addresses concerns with the Senate version of the bill by retaining the general ban on private equity ownership of single-family housing while adding language to allow the construction of new rental housing and removing the likely unconstitutional forced sale of housing, which could result in avoidable evictions.

The package includes the Housing Supply Expansion Act of 2025 (H.R.6293), of which Rep. Correa is a co-lead, that will remove a federal chassis requirement that has served to unnecessarily raise the price of manufactured housing. will remove a federal chassis requirement that has served to unnecessarily raise the price of manufactured housing.

The U.S. continues to face a severe affordable housing and homelessness crisis. In Orange County alone, California Housing Partnership estimates that in 2026, 119,785 low-income renter households cannot afford a home. The lack of housing as well as other factors are driving up housing costs, making it the single largest expense for Americans across the country.

"I hear from hardworking Missouri families every single day about how the skyrocketing cost of housing is crushing their budgets," said Rep. Mark Alford. "Today, Congress is finally doing something about it. I was proud to support this commonsense legislation to expand homeownership, lower costs, and increase supply. We're one step closer to saving the American Dream, and I urge my colleagues in the Senate to swiftly pass this amended bill to send it to President Trump's desk."

In April, the Real Estate Caucus Co-Chairs led a letter signed by 76 Members of Congress urging House leadership to strip or revise disastrous provisions to ban Build-to-Rent homebuilding from the Senate's ROAD to Housing Act before any package came to the floor for a vote because they would undermine efforts to address our nation's housing supply and affordability crises.

The House Amendment successfully addresses those concerns, which is why the Real Estate Caucus officially endorsed the updated legislation last week.

"Homeownership is central to the American Dream, but for too many Kansas families, that dream feels further out of reach every year," said Rep.Tracey Mann. "The best way to bring down housing costs is to increase supply, cut through red tape, and support policies that allow more homes to be built. As Co-Chair of the Congressional Real Estate Caucus, I was proud to work with my colleagues to improve this legislation and remove provisions that would have lowered our housing supply. The House-passed 21st Century ROAD to Housing Act takes a commonsense, bipartisan approach to expanding access to affordable housing and helping more Americans achieve the dream of owning a home."

The Bipartisan Congressional Real Estate Caucus was re-founded in the 118th Congress after being dormant for several years and grew to over 70 members. Real estate represents 16% of U.S. GDP, supports 2.8 million jobs, and generates $50 billion in tax revenue. Considering its importance, Congress must support policies that allow this industry to prosper.

With over 70 members, the Congressional Real Estate Caucus provides an informal, bipartisan opportunity to educate Members of Congress on real estate issues, to advocate for bipartisan solutions, and to facilitate engagement between Congress, industry, and other stakeholders.

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