Knocking Down Barriers to Build More Housing

Housing costs are out of control, and hard-working families in Michigan are paying the price. As homeownership grows increasingly out of reach, Americans are struggling to start a family and put down roots.

The 21st Century ROAD to Housing Act takes these challenges head-on, and I was proud to help get this bill passed in the House and signed into law by President Trump as part of my broader effort to Revive the American Dream within my Blueprint for a Better America.

This legislation takes important steps to address many of the challenges families across Michigan are facing from rising costs and regulatory delays to corporations buying up single-family homes — all of which are making it harder for families to buy a home and harder for builders to keep up with demand. Specifically, this bill would increase housing supply and cut unnecessary red tape by:

• Prohibits large institutional investors that own more than 350 single-family homes from buying up more of the market.
• Speeding up home construction, streamlining permitting, and reducing regulatory delays;
• Modernizing federal housing programs to support more affordable housing development;
• Expanding financing opportunities for community banks so they can support more local housing projects; and
• Encouraging the construction of single-family homes, apartments, manufactured housing, and other affordable housing options.

Michigan families deserve a housing market that works for them — not against them. I will continue working to lower costs, expand housing opportunities, and ensure that more hardworking Americans can achieve the dream of owning a home.