21st Century ROAD to Housing Act - Detailed breakdown

Authorizes the Secretary of Housing and Urban Development to give additional weight to competitive grant applications for housing projects located in or benefiting qualified opportunity zones.

Raises the investment limit for national and state member banks in public welfare projects, including affordable housing, from 15% to 20% of their capital and surplus.

Adjusts Community Development Block Grant (CDBG) allocations for cities and urban counties, providing bonus funds to those with high housing growth rates and reducing funds for those with low rates.

Increases the statutory mortgage limits for Federal Housing Administration (FHA) multifamily insurance programs and mandates annual adjustments based on a construction price index.

Requires the Bureau of Consumer Financial Protection to study and report on loan originator compensation and points/fees to identify and address barriers to small dollar mortgage lending.

Prohibits large institutional investors (controlling 350+ homes) from purchasing additional single-family homes, with specific exceptions. This prohibition sunsets after 15 years.

Prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) unless it is open, permissionless, and private. This prohibition sunsets on December 31, 2030.

Authorizes the Appraisal Subcommittee to make grants to state agencies to support education, training, recruitment, and retention in the appraiser industry.

Allows the HUD Secretary to designate certain assistance as special projects for streamlined environmental reviews and permits Indian tribes to assume environmental review responsibilities.

Directs the HUD Secretary to expand and reclassify certain housing-related activities to streamline environmental reviews under the National Environmental Policy Act (NEPA).

Requires states to certify that their laws treat manufactured homes built without a permanent chassis the same as those with one. States failing to certify face prohibitions on the sale of such homes.

Amends FHA appraisal standards, allowing state-licensed appraisers to work in any state and requiring verifiable education in FHA appraisal requirements.

Creates a permanent Office of Disaster Management and Resiliency within the Department of Housing and Urban Development to coordinate all departmental disaster preparedness, response, and recovery activities.

Authorizes the Secretary to approve the use of disaster recovery grants interchangeably for different catastrophic major disasters to expedite assistance.

Requires the Secretary to develop public performance targets and post annual summary status reports for all active disaster recovery grants on a public dashboard to increase transparency.

Establishes regulations for the maximum grant amounts a grantee may use for administrative costs, technical assistance, and planning activities, not to exceed 8% for administration and 20% in total.

Allows recipients of disaster funds to adopt environmental reviews performed by other Federal agencies for supplemental projects to expedite the approval process.

Requires the Department of Housing and Urban Development to establish data sharing agreements with FEMA, the SBA, and other agencies to expedite recovery and prevent duplication of benefits.

Exempts small housing projects (50 units or fewer) in certain smaller jurisdictions from requirements under Section 3 of the Housing and Urban Development Act of 1968.

Increases the minimum allocation for certain jurisdictions under the HOME Investment Partnerships Program from $500,000 to $750,000.

Requires the Secretary of Agriculture to submit an annual report to Congress on rural housing programs, including data on loan performance, housing stock, and property risk ratings.

Directs the Comptroller General to report to Congress on the impact of outdated technology at the Rural Housing Service, including funding and staffing needs for modernization.

Requires the Secretary of HUD and heads of other federal housing and mortgage agencies to testify annually before Congress regarding their operations and programs.

Mandates the FHA to submit monthly reports to Congress on its capital ratio and to include data on first-time homebuyers in its annual actuarial study.

Requires the U.S. Interagency Council on Homelessness to submit annual reports to Congress on its strategic plan and to testify annually.

Directs the Comptroller General to report to Congress on the feasibility of creating a publicly available database of residential real estate appraisal data.

Requires HUD, USDA, and the VA to establish a memorandum of understanding to share housing data and jointly report to Congress on reducing inefficiencies and adverse laws.

Directs HUD and the Department of Agriculture to create a memorandum of understanding to streamline environmental reviews and inspections for jointly funded rural housing projects.

Allows certain jurisdictions to use HOME program funds for infrastructure improvements like water lines, sidewalks, and roads that are directly related to assisted housing projects.

Amends the Housing and Urban Development Act of 1968 to implement performance reviews for counseling agencies, allow for counselor decertification, and require counseling for delinquent borrowers.

Makes the Rental Assistance Demonstration (RAD) program permanent and requires annual assessments of its impact on public housing preservation, tenants, and private sector investment.

Authorizes a pilot program to provide grants to states and local governments to fund repairs for low-income homeowners and small landlords, focusing on accessibility, safety, and energy efficiency.

Adds new construction of affordable housing as an eligible activity for community development funds, limited to 20% of a recipient's allocation.

Establishes a 5-year competitive grant program for states, local governments, and regional agencies to fund planning and implementation activities that support affordable housing.

Establishes a grant program to reward local governments that have demonstrated an objective improvement in housing supply growth, funding various community development activities.

Authorizes grants for local governments to select and adopt pre-reviewed housing designs, also known as pattern books, to streamline and expedite the construction of affordable housing.

Establishes a 5-year pilot program to award competitive grants for converting vacant and abandoned commercial or industrial buildings into attainable housing.

Amends the definition of "manufactured home" to include structures built with or without a permanent chassis, expanding the scope of regulated manufactured housing.

Directs the Secretary of HUD to review Federal Housing Administration (FHA) construction financing programs to identify and reduce barriers for modular home developers.

Increases the maximum loan amounts under the National Housing Act for property improvements and the purchase of manufactured homes, and allows for financing of accessory dwelling units.

Authorizes a competitive grant program for eligible recipients to fund infrastructure, housing repairs, land acquisition, and other improvements in eligible manufactured housing communities.

Establishes a pilot program for up to 5,000 families receiving housing assistance, creating escrow accounts where rent increases from higher earnings are saved for the family to promote self-sufficiency.

Allows housing units to satisfy Section 8 inspection requirements if they have recently passed inspections under other federal housing programs, such as LIHTC, HOME, or Rural Housing Service programs.

Permits public housing agencies to inspect and pre-approve housing units from new landlords before a tenant with a voucher selects them, helping families find qualifying housing more quickly.

Establishes a permanent Long-Term Disaster Recovery Fund in the U.S. Treasury to provide assistance and support for communities recovering from major disasters, formalizing the CDBG-DR program.

Authorizes the Secretary to make community development block grant disaster recovery grants for expenses related to disaster relief, long-term recovery, restoration of housing and infrastructure, and economic revitalization.

Mandates that at least 70% of disaster recovery grant funds must be used for activities that benefit persons of low and moderate income, unless a waiver is granted.

Expands eligibility for HOME Investment Partnerships Program assistance to families with household incomes up to 100% of the area median income, replacing the 'low-income families' standard.

Raises the maximum purchase price for affordable homeownership to 110% of the area median and provides qualification exceptions for deployed military members and heirs of deceased owners.

Requires the Secretary of Agriculture to maintain rental assistance contracts attached to multifamily properties during foreclosure proceedings to protect tenants.

Permanently establishes a housing preservation and revitalization program for multifamily rental projects financed by the Rural Housing Service, allowing for loan restructuring and renewal of rental assistance.

Establishes a grant program for intermediaries to provide financial and technical assistance for housing, community facilities, and economic development projects in rural areas.

Requires the Secretary of Agriculture to establish a process for adjusting rural development voucher amounts based on interim or annual reviews of a tenant's income or family composition.

Expands eligibility for rural housing vouchers to low-income households in certain properties that have been prepaid, foreclosed, or matured after September 30, 2005.

Authorizes HUD to add up to 25 public housing agencies to a new cohort in the Moving to Work demonstration, focused on economic opportunity and independence.

Allows recipients of McKinney-Vento Homeless Assistance Act funds to request a waiver of the expenditure limit for fiscal years 2027 through 2030 to address local needs.

Requires federal agencies to create a review and resolution procedure for consumer-initiated reconsiderations of home appraisal values for federally backed mortgage loans.

Mandates the Secretary of HUD to study the benefits and challenges of work requirements implemented by public housing agencies in the Moving to Work demonstration program.

Directs the GAO to conduct studies on workforce housing, housing for the elderly and disabled, housing proximity to Superfund sites, and residential heirs' property.

Requires the Uniform Residential Loan Application to include a disclaimer informing applicants they may qualify for a VA Home Loan if they indicate military service.

Excludes certain VA disability benefits from income calculations when determining eligibility for HUD's supported housing program and other housing assistance for veterans.