What the Midterm Elections Could Mean for Housing Reform
Summary
The article says the midterm results could shape how Congress implements the 21st Century ROAD to Housing Act, even if housing reform continues under either party. Experts expect a Republican-controlled Congress to favor deregulation over new housing subsidies, while funding for grant programs remains uncertain.Key Facts
- Congress passed the 21st Century ROAD to Housing Act with strong support from both parties.
- The law aims to increase housing supply and affordability through regulatory changes, construction incentives, housing finance and federal program reforms.
- White House economists estimate the shortage of affordable homes at about 10 million.
- The Treasury proposed a rule on October 22 to implement the law’s limits on large institutional investors buying single-family homes.
- Starting January 7, 2027, investors controlling 350 or more single-family homes generally cannot buy additional homes, subject to exceptions.
- Homes purchased before the law took effect on July 11 do not have to be sold.
- The article says funding for grant programs created by the law remains an open question.
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