Sullivan Welcomes Senate Passage of 21st Century ROAD to Housing Act, Including Provisions for Alaska

WASHINGTON— U.S. Senator Dan Sullivan (R-Alaska) today welcomed Senate passage of the21st Century ROAD to Housing Act, comprehensive legislation to increase housing supply, cut regulatory barriers, and expand homeownership opportunities across the country, including in Alaska’s rural and urban communities.
“Wherever I am in Alaska, whether in our rural communities or more urban areas, I hear from countless Alaskans struggling to find affordable housing. Supply shortages and the high cost of construction are major contributors to this crisis,”Sen. Sullivan said.“ROAD to Housingtakes meaningful steps to address these challenges head on: modernizing local development and rural housing programs, streamlining burdensome federal red tape, supporting the innovative work many communities are undertaking to increase supply, including with manufactured housing, encouraging investment in housing, improving access to lending, expanding tools that can help families repair homes and maintain Alaska’s existing housing stock, and helping more veterans make use of the housing benefits they’ve earned. This legislation also builds on the progress we made in theWorking Families Tax Cuts Actby complementing key economic development tools, like Opportunity Zones and the Low-Income Housing Tax Credit—programs that help drive private investment and expand housing development in underserved communities across our state. Together, these efforts will expand safe, affordable housing opportunities across Alaska and help more Alaskans achieve the dream of homeownership.”
The21st Century ROAD to Housing Actwill helpunlock greater housing availabilityby:
The21st Century ROAD to Housing Actwillsupport housing repair and restorationby:
The21st Century ROAD to Housing Actwillcut costly, unnecessary red tapeby:
The21st Century ROAD to Housing Actwillimprove veterans’ access to housingby:
Sen. Sullivan has been a leader in the Senate on working to increase the supply of affordable housing for middle- and low-income families and individuals, notably through hisWorkforce Housing Tax Credit (WHTC) Act, which would establish the first-ever middle-income housing tax credit, mirroring the success of the Low Income Housing Tax Credit.
# # #