June 29, 2026
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One of the biggest challenges facing families across America today is the rising cost of housing. For too many hardworking Americans, the dream of buying a home has become harder to achieve. This isn’t because families have stopped working toward that goal, but because our nation’s housing policy has not kept up with Americans’ needs. That changed this week when we proudly passed the 21st Century Road to Housing Act, a landmark, bipartisan package of housing bills that takes meaningful action to address America’s housing shortage by increasing supply, lowering costs, and putting families first. At the core of restoring affordability in our housing market is to increase supply. This legislation breaks down unnecessary barriers that drive up construction costs, encourages communities to modernize outdated permitting processes, expands financing opportunities for new construction, and helps bring more housing options onto the market. This package also takes important steps to restore fairness to the housing market. In the wake of the 2008 housing crisis, over the last 15 years hedge funds and institutional investors have been buying up single-family homes to convert them into long-term rental properties because they view housing as a reliable, inflation-resistant asset. They specifically target entry level housing, reducing inventory and driving up prices, making homeownership much harder to achieve for everyday Americans. This bill puts an end to that by limiting the ability of large institutional investors to buy up significant portions of the single-family housing market. This legislation represents the most significant federal housing reform effort in more than three decades and it passed both the House and Senate with overwhelming bipartisan support. The last time Congress passed housing legislation of this scale was in 1990 and it was way past time that our nation’s laws and regulations were reflective of America’s needs in today’s housing market. At a time when our politics is driven by division and discord, this historic bill shows what is possible when we work together to deliver real solutions and I’m so proud to have helped make it a reality. Because housing affordability shouldn’t be a red or blue issue. Owning and caring for a home is one of the most meaningful things you can do in life. It’s how you put down roots, build your future and the backdrop for your life’s memories. I believe that protecting this core tenant of the American dream is our duty. I am optimistic this bipartisan effort will soon become law and begin delivering much-needed relief by expanding housing supply and lowering the costs for hardworking families across the nation. Sincerely, Rep. Nick Langworthy
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Rep. Nicholas A. Langworthy Member of Congress |