# Summary of H.R. 9990 - ROAD to Housing Act
This bill aims to increase affordable housing access, reduce regulatory barriers, and improve oversight of housing programs. It affects low-income families, first-time homebuyers, homeless individuals, and public housing agencies nationwide.
The legislation expands housing counseling requirements, particularly for borrowers falling behind on mortgages backed by federal agencies (FHA, VA, USDA), with costs paid from the FHA insurance fund. It creates incentives for small-dollar mortgage lending (under $70,000) by requiring the Consumer Financial Protection Bureau to update lending regulations within 270 days. The bill significantly reforms the Moving to Work Program, converting it from a limited demonstration to an ongoing program that allows at least 25 public housing agencies per year to participate with greater flexibility in managing funds, with reservations for smaller agencies. It also updates the definition of manufactured homes to include those without permanent chassis and creates incentive bonuses for communities that demonstrably reduce homelessness using federal grants.
The bill enhances federal oversight by requiring annual congressional testimony from housing regulators and establishing monthly reporting on the FHA insurance fund's financial health. It directs a Government Accountability Office study on sustainable homeownership and requires the Neighborhood Reinvestment Corporation to fall under HUD Inspector General oversight, including whistleblower protections.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.