WASHINGTON, D.C. — Independent Women’s Voice today issued the following statement supporting today’s U.S. Senate passage of the 21st Century Road to Housing Act (HR 6644) as a major milestone in the effort to expand housing supply and lower costs:

Patrice Onwuka, vice president for economic policy at Independent Women, said:

“We applaud this Congress for passing deregulation in the housing industry that will expand housing supply in the long-run and bring down costs. Housing affordability is a key issue in America right now and a top issue for women. Tens of millions of renters and homeowners are home burdened by high costs that erode their quality of life. Meanwhile, younger generations are locked out of the dream of homeownership and the wealth it builds.

“The 21st Century Road to Housing Act proposes reforms to increase housing supply, affordability, and access. For example, it could spur the expansion of multigenerational housing types such as accessory dwelling units (ADUs). These units create financial security for older homeowners while bringing down rental prices in local markets.

“While not every item in this legislative package will make a dent in housing supply, such as new restrictions on institutional investors, generations in the future will reap the benefit of millions of new homes to call their own. We look forward to the House and Senate conferring to make this bill as strong as possible for the American people.”

See more below from the Independent Women on housing policy:

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