Putting the ROAD Act into action faces a funding and HUD gauntlet

Now comes the hard part: getting the money to get the results. The implementation process, including securing funding for new programs and finalizing regulatory changes, could take from now until well into 2028, optimistically speaking.After that, possibly, some early outcomes.The bill, the most comprehensive federal housing legislation in decades, includes a host of provisions to boost housing supply, including significant measures focused on attainable and affordable housing. While industry leaders almost unanimously applauded the bill’s passage, stakeholders acknowledge that implementing its provisions and the benefits that they would trigger will take time. Against this backdrop, a session hosted this week by the Bipartisan Policy Center and the National Association of Affordable Housing Lenders (NAAHL) offered insights into roadblocks that could delay the implementation of certain provisions meant to increase the supply of attainable and affordable housing. While some supply-focused changes could have an impact quickly, others may take a year or more to begin to materialize. Why ROAD will take time to fund and implement ROAD created roughly a dozen new programs that require fu...