Senate passes 21st Century ROAD to Housing Act, 89-10

The U.S. Senate passed the 21st Century ROAD to Housing Act 89-10 on March 12, 2026, the largest bipartisan housing bill in decades. The legislation bans large institutional investors from purchasing single-family homes, creates grants for housing construction, and revises federal definitions to encourage more residential units. Senate Banking Committee Chair Tim Scott and Ranking Member Elizabeth Warren co-sponsored the bill. The 89-10 vote included broad support from both parties amid nationwide housing affordability pressures.