Today the Senate Banking Committee held a markup of the ROAD to Housing Act of 2025, advancing the comprehensive legislation on a bipartisan vote of 24-0. The legislation includes the Community Investment and Prosperity Act, a proposal the AHTCC has endorsed in order to support robust investment in the Housing Credit by raising the cap on banks’ public welfare investments (like affordable housing) from 15% to 20%.
“The Affordable Housing Tax Credit Coalition appreciates the Senate Banking Committee’s ambitious effort to expand our nation’s affordable housing supply and modernize key housing programs,” said Emily Cadik, Chief Executive Officer of the Affordable Housing Tax Credit Coalition. “We especially appreciate a number of proposals in the ROAD to Housing Act that will help support affordable housing investment using the Low-Income Housing Tax Credit, which was recently expanded as part of One Big, Beautiful Bill and remains the primary driver of affordable housing supply in the U.S.”
The ROAD to Housing Act of 2025:
- Includes the Community Investment and Prosperity Act, which raises the cap on banks’ public welfare investments (like affordable housing) from 15% to 20%.
- Permanently authorizes the HOME program, adds flexibility for localities, streamlines inspections, and expands nonprofit eligibility – provisions from the HOME Investment Partnerships Reauthorization and Improvement Act (S.948/H.R.2031)
- Removes the RAD cap and makes the program permanent, along with several reforms.
- Includes elements of the Housing Supply Frameworks Act (H.R.2840/S.1299), directing HUD to promote zoning and land use best practices.
- Allows HUD to prioritize HUD grants in Opportunity Zones.
- Streamlines National Environmental Policy Act (NEPA) reviews for small and infill housing projects.
- Makes several changes to support development in rural areas, including requiring USDA and HUD to work together to combine environmental reviews and inspections.
- Simplifies voucher inspection requirements, allowing units that are financed through other federal housing programs to automatically satisfy voucher inspection requirements if inspected within the past year and permitting pre-inspections for new landlords.
See the section-by-section summary here and legislative text here.
While the path forward for the legislation has yet to be determined, we will continue to monitor the bill’s progress and provide updates as developments unfold. The AHTCC commends Senate Banking Committee Chairman Scott (R-SC), Ranking Member Warren (D-MA) and the Members of the Banking Committee for their efforts to tackle the nation’s affordable housing challenges.
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