There's a massive bipartisan housing bill moving forward in Congress

The Senate Banking Committee has unanimously advanced a significant housing bill designed to increase the nation's housing supply. This rare bipartisan agreement highlights the severity of the U.S. real estate market, characterized by soaring home prices and a lack of affordable housing. The ROAD to Housing Act of 2025 proposes to reduce regulations related to zoning and building standards. Democrats and Republicans generally concur on the need for deregulation in the housing sector. However, the bill directs considerable action towards the Department of Housing and Urban Development (HUD), even as the White House proposes budget cuts for the agency. Key provisions include directing HUD to develop new guidelines to encourage more construction through zoning and land-use policies. The legislation also establishes a pilot program offering grants and loans to low- and moderate-income homeowners and certain landlords. Furthermore, it aims to streamline environmental reviews for housing projects. The bill authorizes one billion dollars over five years for an innovation fund to incentivize communities developing new housing construction methods. This package reflects current housing trends, aligning with the "Abundance movement" and incorporating ideas from the YIMBY movement. Senators acknowledge that constituents across the political spectrum are expressing concerns about the housing crisis. The initiative to address housing originated from an agreement between Senators Elizabeth Warren and Tim Scott.