Golden State Today: Rep. Young Kim helps advance 21st Century ROAD to Housing Act in Congress – Golden State Today
Congresswoman Young Kim helped advance the 21st Century ROAD to Housing Act on June 24 in Washington, D.C., aiming to expand the nation’s housing supply, lower costs, and make homeownership more attainable for Americans.
The legislation is described as the first comprehensive housing package to clear Congress in nearly two decades. It seeks to streamline federal permitting processes that can delay construction, provide communities with new tools for building homes, modernize financing options for manufactured and rural housing, and strengthen pathways to homeownership.
“Homeownership is central to the American Dream. In California, achieving it has become a nightmare,” said Rep. Young Kim. “I’m proud to help advance the 21st Century ROAD to Housing Act to make homeownership attainable again and give hardworking families some relief. It is long past time we tackled our nation’s housing crisis after nearly two decades of inaction from Washington. House Republicans made a promise to lower costs. Now we’re delivering.”
The act includes two provisions led by Kim: the Community Investment and Prosperity Act and the VALID Act. The Community Investment and Prosperity Act aims to unlock billions of dollars for affordable housing and community development by expanding investment opportunities in underserved communities. The VALID Act ensures veterans see Department of Veterans Affairs home loan options alongside conventional and Federal Housing Administration loans.
