The 21st Century ROAD to Housing Act (H.R. 6644) became law on July11, 2026. The legislation includes a variety of housing-related provisions intended to increase the nation’s housing supply, encourage new development, and expand homeownership opportunities over time.
While these changes won’t impact the market overnight, they aim to make homeownership more accessible for future buyers.
Some of the key highlights include:
- Higher FHA loan limits for manufactured housing and multifamily properties. These updates may make financing more accessible for eligible borrowers purchasing these property types.
- Expanded definition of “manufactured home.” Manufactured homes no longer require a permanent chassis. This could lead to lower costs for building and transporting manufactured homes, potentially making these homes more affordable for buyers.
- Faster paths for new housing development. The legislation aims to reduce certain regulatory hurdles and simplify portions of the review process and is intended to help new housing projects move forward more efficiently.
- Limits on large institutional investors. The law places restrictions on how many additional single-family homes certain large institutional investors can purchase, with the goal of creating more opportunities for individual homebuyers.
Like most housing legislation, these changes will take time to influence the market. While it will be years before we fully understand the long-term impact, these updates reflect an ongoing effort to expand housing opportunities and improve access to homeownership.
If you’re thinking about buying a home or simply want to understand how changes in the housing market could affect your plans, please reach out to our team. We would be happy to help.
Sources
- House Committee on Financial Services
- Bipartisan Policy Center
- National Association of Home Builders
Our team can discuss how these changes may apply to your situation. All loans remain subject to credit approval and program guidelines.
