Source: Bisnowy

Date Published: 09.16.2025

Link: House Bill Will Call on Federal Agencies To Team Up For Affordable Housing

The leaders of the bipartisan Congressional Real Estate Caucus plan to introduce legislation encouraging government agencies to collaborate on addressing housing affordability. Republican Reps. Mark Alford of Missouri and Tracey Mann of Kansas are partnering with Democratic Reps. Lou Correa of California and Brittany Pettersen of Colorado to introduce the Saving the American Dream Act. The bill has the support of a host of industry groups, including the National Association of Homebuilders, the National Apartment Association, and the Mortgage Bankers Association. If enacted, the bill gives the heads of the Departments of Housing and Urban Development, Agriculture, Veterans Affairs, Treasury, and the Federal Housing Finance Agency one year to generate a report with recommendations. It asks agency heads to find ways to coordinate federal housing finance programs, lower mortgage costs, reduce construction costs, eliminate local regulatory barriers, increase insurance availability, provide down payment assistance to buyers, and coordinate disaster recovery efforts.