21st Century ROAD to Housing Act Becomes Law, Boosting Affordable Housing Investment
The 21st Century ROAD to Housing Act became law on July 11, 2026, without the president's signature, after a 10-day congressional process. This legislation compiles numerous bipartisan housing bills and introduces several key provisions aimed at enhancing affordable housing initiatives. A significant change is the increase of the bank public welfare investment (PWI) cap from 15% to 20%. This adjustment is expected to channel billions in private capital towards the Low-Income Housing Tax Credit (LIHTC). The Act also modernizes the HOME program and directs the U.S. Department of Housing and Urban Development (HUD) to review and report back on its Build America, Buy America (BABA) process. Additionally, it streamlines National Environmental Policy Act (NEPA) reviews by eliminating outdated and duplicative requirements for recently developed sites. Other provisions include raising the Rental Assistance Demonstration (RAD) cap by 100,000 units and authorizing the Community Development Block Grant – Disaster Rec... 
