Letter to the Senate Banking Committee on the ROAD to Housing Act of 2025

Dear Chairman Scott and Ranking Member Warren:

On behalf of the American Bankers Association, I am writing to share our views on the ROAD to Housing Act of 2025, which is scheduled to be marked up by the Senate Committee on Banking, Housing and Urban Affairs on July 29, 2025. This important bipartisan legislation is intended to provide a needed boost to the nation's housing supply, as well as to improve housing affordability and regulatory oversight of federal housing programs.

Overview

ABA supports policy initiatives that create equitable, sustainable, and affordable housing opportunities, both homeownership and rental, in all communities through public-private partnerships and targeted community investments. We encourage policymakers to take a holistic approach to affordable housing by supporting measures that address a series of housing and development challenges to help build thriving, livable communities. ABA thanks the Committee for advancing a series of important policy goals in the Road to Housing Act, including increasing America's housing supply; expanding access to home ownership; addressing the dramatic increase in housing costs, removing regulatory barriers to housing development; increasing housing education and counseling for prospective homebuyers; and reducing appraiser shortages, among others.

ABA Supported Provisions

We commend the Committee for taking a comprehensive approach to solving our nation's housing problems. As noted below, we support a number of the initiatives outlined in the bill intended to increase financial literacy, build more affordable housing, reduce regulatory barriers to housing (including addressing the shortage of appraisers), address rural housing problems, provide more housing for the homeless and veterans, and make oversight of the housing regulators and GSEs more effective.

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