WASHINGTON — Speaker Johnson released the following statement after the House approved H.R. 6644, the Housing for the 21st Century Act.
“Housing costs have soared beyond the reach of millions of American families thanks to Bidenflation, while outdated and burdensome red tape has constrained our nation’s affordable housing supply and limited our ability to expand it. Today’s House passage of the Housing for the 21st Century Act is a critical step toward addressing this shortage by reducing unnecessary regulatory barriers, modernizing HUD programs, and giving banks flexibility to deploy capital to increase our housing supply,” Speaker Johnson said. “I appreciate Chairman French Hill’s leadership and the work and contributions of all Members whose bills are included in this legislative package. House Republicans are committed to making homeownership affordable again for American families.”
“Owning a home has been the cornerstone achievement many Americans have equated with attaining the American Dream. Our Committee has been laser-focused on creating solutions and today, we delivered for the American people. The passage of the Housing for the 21stCentury Act includes real, bipartisan solutions to expanding supply, lowering costs, and providing families with more options. I commend Ranking Member Waters, Subcommittee Chair Flood, and Subcommittee Ranking Member Cleaver on collaborating on this legislation and I look forward to ultimately bringing a bicameral product to the President’s desk,” Financial Services Committee Chairman French Hill said.
Bill text, here.
Section-by-section, here.
More on the bill, here.
###