Congressman Cleaver II Champions New Housing Law to Boost Affordable Housing Supply in Kansas City
Missouri Congressman Emanuel Cleaver II recently hosted a housing summit in Kansas City to discuss the implementation of the 21st Century ROAD to Housing Act. This new federal law aims to significantly increase the supply of affordable housing across the United States. Described by its sponsors as the most substantial bipartisan housing reform package in nearly 50 years, the Act focuses on expanding housing supply, modernizing the housing finance system, and removing barriers to development. Congressman Cleaver, who serves as the ranking member of the House Financial Services Subcommittee on Housing and Insurance, expressed his ambition for Kansas City to be a pioneering city in adopting this legislation, potentially serving as a model for other communities nationwide. The Act includes provisions to streamline federal regulations, limit corporate acquisition of single-family homes, fund the conversion of vacant buildings into residential housing, support local lenders, and update major HUD programs like Co...