The Senate Banking Committee unanimously advanced the bipartisan Renewing Opportunity in the American Dream to Housing Act, legislation that aims to expand and preserve the housing supply, improve housing affordability and access, advance accountability and fiscal responsibility, and improve oversight and program integrity. Among other actions, the legislation directs the Department of Housing and Urban Development to: (1) create a new grant and loan program for qualifying homeowners and small landlords to address home repairs and health hazards; (2) create a pilot program to incentivize housing development of all kinds in Community Development Block Grant participating jurisdictions; and (3) develop best practice frameworks for zoning and land-use policies to encourage more construction of higher density housing across the nation.
