CHICAGO — After the landmark bipartisan 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act became law without President Donald Trump’s signature, U.S. Senator Tammy Duckworth (D-IL) today visited a Chicago-based modular home developer to discuss how the new law could help supercharge their work building more homes for Illinoisans. During the Senator’s visit with Inherent Homes, Duckworth discussed how this groundbreaking law will help expand access to loans for modular home construction, providing them with the funding and resources needed to help tackle our nation’s housing crisis and build more affordable homes for the middle class. Photos from the event can be found on Senator Duckworth’s website.
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“For the first time in 30 years, Congress delivered the biggest bipartisan housing bill to lower costs, build more homes and help more Illinoisans secure the American Dream of homeownership,” Duckworth said. “Modular housing improves quality control, reduces waste, shortens construction timelines, eliminates weather-related delays and meets accessibility requirements that people with disabilities rely on. The cost of housing in the United States is a national crisis, and this law will bring long-overdue relief to the middle class.”
With the median age of first-time homebuyers being at a record-high of 40 years old, and as Illinois faces a dire housing shortage that would require 227,000 homes to be built over the next 5 years to keep up with demand, the bipartisan 21st Century ROAD to Housing Act will help deliver critical relief to middle-class Illinoisans. This law is the biggest bipartisan housing bill in 30 years, and includes 47 total housing supply provisions designed to build more housing and lower costs, and it stops private equity from buying up single family homes that would otherwise be available to middle-class families.
