Senate Banking Committee Advances Bipartisan ROAD to Housing Act

The Senate Committee on Banking, Housing, and Urban Affairs, led by Chairman Tim Scott and Ranking Member Elizabeth Warren, has unanimously advanced the bipartisan ROAD to Housing Act of 2025, marking the first bipartisan housing markup in over a decade. The comprehensive legislation aims to boost the nation's housing supply, improve affordability, reduce homelessness, expand homeownership, and increase oversight of federal housing programs. The bill promotes innovative construction methods, including modular and manufactured housing, and includes proposals from members across the political spectrum. Key housing, real estate, and mortgage groups have expressed support, though some, like the Mortgage Bankers Association, seek targeted refinements regarding lender liability and appraisal processes. Both senators emphasized the urgency of addressing the persistent housing crisis, with Warren highlighting the bill as a critical step to lower costs for families and Scott sharing his personal connection to the issue and commitment to finding bipartisan solutions. The package now moves to the Senate floor for further consideration, with broad backing from industry stakeholders who acknowledge it as meaningful progress despite areas needing improvement.