#USA #New York #CREFC #Housing Act #21st Century ROAD

CREFC's Support for New Housing Legislation

On May 20, 2026, the CRE Finance Council (CREFC) expressed its commendation for Congress's recent actions to advance the 21st Century ROAD to Housing Act (H.R. 6644). This legislation aims to tackle significant issues in the housing sector by enhancing supply and affordability.

CREFC acknowledges the necessity of well-structured policies that encourage both new investments and the upkeep of existing housing stock without disrupting the delicate balance of housing finance and development. The organization has raised concerns in the past regarding federal regulations that might impose categorical bans on specific investments, which could hinder the overall progress in housing availability.

With the recent bipartisan revisions to H.R. 6644, CREFC sees a pathway forward. The updated legislation now reflects a more focused approach towards investment regulations. These changes are crucial as they work to sustain the free flow of debt and equity capital necessary for bolstering housing supply and making homes more affordable for the general public.

CREFC highlights the importance of collaboration with lawmakers and the Administration. The organization is particularly focused on seeking targeted amendments to Section 1001 of the bill, which should include:

1. Restrictions on Large Investments: Limiting acquisitions by large institutional investors of single-family homes that would typically be available for individuals. This measure aims to ensure that personal homebuyers have opportunities in the market.
2. Exempting Build-to-Rent Initiatives: Ensuring that build-to-rent (BTR) projects remain unaffected by these regulations is paramount. These projects play a crucial role in addressing rental market needs and encouraging development.
3. Clarifying Definitions: CREFC emphasizes the need for a clearer distinction between multifamily rentals and single-family homes to prevent any unintentional overlap that could complicate compliance for housing providers.
4. Compliance Framework: Establishing a more streamlined compliance process for housing providers to navigate the exemptions outlined in the legislation can prevent unnecessary disruptions and confusion in the market.
5. Local Zoning Decisions: It's vital that the legislation respects local zoning laws to maintain community integrity and decision-making authority.
6. Exempting Established Communities: The bill should exclude established rental communities that operate on a single tax parcel to promote stability in the rental market.

CREFC's ongoing dialogue with housing investors, providers, and lenders is instrumental in refining these details to ensure the legislation effectively meets the housing supply goals across the United States. The council reaffirms its commitment to work alongside Congress to refine these proposals, striving toward a solution that benefits all stakeholders in the housing ecosystem.

About CREFC

Founded more than 30 years ago, the CRE Finance Council is a leading industry association representing a vast array of professionals from the $6 trillion commercial real estate finance sector. With over 400 companies and approximately 19,000 individuals as members, CREFC advocates for market liquidity, transparency, and efficiency, setting the standards for best practices within the commercial real estate finance markets. The organization continues to play a pivotal role in shaping policies and regulations impacting the housing finance landscape.

For additional insights and updates, visit CREFC's official website.