Housing costs have soared beyond the reach of millions of American families thanks to Bidenflation, while outdated and burdensome red tape has constrained our nation’s affordable housing supply and limited our ability to expand it. Today’s House passage of the Housing for the 21st Century Act is a critical step toward addressing this shortage by reducing unnecessary regulatory barriers, modernizing HUD programs, and giving banks flexibility to deploy capital to increase our housing supply. I appreciate Chairman @RepFrenchHill leadership and the work and contributions of all Members whose bills are included in this legislative package. House Republicans are committed to making homeownership affordable again for American families.