The House of Representatives on May 14, 2026, released an amended version of the “21st Century ROAD to Housing Act,” continuing the debate on wide-ranging housing reform legislation.

LeadingAge supports the House’s May 14 amended bill text, which includes LeadingAge-requested improvements to language regarding institutional investment in housing.

The House is expected to vote as early as May 20 to advance the legislation. The Senate had advanced its version of the legislation in March, and the differences between the House and Senate versions of the bill will need to be addressed before the bill can become law.

For example, the Senate’s language from March had broadly prohibited institutional investment in single family homes – and also required certain large housing providers to dispose of existing properties under the ownership of large investors – unintentionally impacting investment partnerships in single family properties financed through the Low Income Housing Tax Credit or through the Life Plan Community (LPC) model, senior housing developments that provide a tiered continuum of care on a single campus.

Following advocacy from LeadingAge, the House’s updated institutional investment ban explicitly protects non-profit, affordable, and 55+ housing ownership and development, and the text no longer requires divestment of any existing housing ownership. The amended House bill also carries forward LeadingAge-supported housing reforms, such as rural housing preservation and HOME modernization, and adds eviction prevention support language.

However, the bill is still missing many original provisions that would have established new housing programs or pilots that LeadingAge had supported, falling short of broader efforts to address the housing crisis. The current version of the bill also does not carry forward earlier language to address the infeasibility of domestic procurement requirements on housing developments through Build America, Buy America (BABA).

LeadingAge will continue our work with both the House and Senate to advance this legislation and to enact additional reforms to address the affordable senior housing crisis in America.