The U.S. Senate has passed a bipartisan bill, titled “The 21st Century ROAD to Housing Act,” aiming to make housing more affordable. However, similar to other misleading pieces of legislation — such as the infamous Inflation Reduction Act, which is actually a massive climate-change bill that worsened inflation — this new housing bill may have the opposite effect on housing affordability than what its title suggests.
The newly introduced bill is co-led by Sens. Elizabeth Warren, D-Mass., and Tim Scott, R-S.C. A key assumption of the bill is that restrictive single-family zoning is a primary cause of limited housing supply and high housing costs. The legislation includes key policy proposals that Warren has previously championed, such as offering grants to state and local governments that reform exclusionary zoning rules and permit more high-density housing in areas previously designated for single-family homes.
