The Senate's housing bill saves build-to-rent

The Senate passed the bipartisan 21st Century ROAD to Housing Act 89–10 on Thursday — a landmark pro-supply package that streamlines housing regulation, creates new building incentives, and modernizes federal programs. A late addition requiring institutional investors with 350+ single-family homes to sell after seven years threatened to shut down build-to-rent construction entirely--but then, shortly after the bill passed, Senate staff revealed an industrial policy exemption for innovative HUD Code construction methodologies, including newly chassis-free CrossMods unlocked by the bill’s other reforms. If you like your single family BTR, you can keep it--as a stable pipeline of demand for innovative new factory built homes. To be sure, there are costs and risks to aggressive industrial policy & “picking winners” in new technology.