WASHINGTON, D.C. (September 19, 2024) - MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the "ROAD to Housing Act," a broad housing bill recently introduced by Senator Tim Scott (R-SC) and seven of his Senate Banking Committee colleagues:

"Housing supply and affordability is a national problem that demands the focused attention of Congress and federal housing agencies. We are encouraged that housing is a major policy discussion this election cycle, including the airing of many proposals that require congressional action.

"We are particularly pleased by the introduction of Senator Scott's comprehensive bill that contains provisions MBA believes will help to make housing more affordable and available. This includes enhanced housing counseling and financial literacy measures as well as beneficial reforms designed to increase manufactured housing construction, small-dollar mortgage lending, construction grants, building or preservation of housing in Opportunity Zones, and to promote regular, sustainable dialogue between federal agencies and Congress.

"MBA continues to be a fierce proponent for legislative reforms that increase housing supply and affordability. We will work with Senator Scott - and policymakers on both sides of the aisle - to build consensus and promote the enactment of workable solutions like those proposed in this bill."