WASHINGTON, D.C. — Today, Congresswoman Young Kim (CA-40) helped advance the 21st Century ROAD to Housing Act to expand the nation’s housing supply, lower costs, and help make homeownership attainable again for hardworking Americans.
This historic legislation is the first comprehensive housing package to clear Congress in nearly two decades. The package streamlines burdensome federal permitting processes that delay construction, equips communities with new tools to build more homes, modernizes financing for manufactured and rural housing, and strengthens 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 21st Century ROAD to Housing Act includes two provisions led by Rep. Young Kim, the Community Investment and Prosperity Act and the VALID Act. The Community Investment and Prosperity Act will unlock billions of dollars for affordable housing and community development by expanding investment opportunities in underserved communities. The VALID Act ensures veterans see VA home loan options alongside conventional and FHA loans, helping our nation’s heroes make informed decisions and save thousands of dollars.
Watch Rep. Young Kim Speak on this bill on House Floor HERE. Read more about the 21st Century ROAD to Housing Act HERE.
