JPMorganChase commends Congress for passing federal housing affordability legislation

June 26, 2026

JPMorganChase commends Congress, particularly the leadership of Senate Banking Committee Chairman Tim Scott (R-SC), Ranking Member Elizabeth Warren (D-MA), House Financial Services Committee Chairman French Hill (R-AR), and Ranking Member Maxine Waters (D-CA), for the bipartisan passage of the 21st Century ROAD to Housing Act, a meaningful step to expand housing supply and improve affordability for renters and aspiring homeowners across the country. The legislation demonstrates that targeted federal solutions, combined with state and local action, are essential to advancing a housing ecosystem that works for all Americans.

As the nation’s largest multifamily lender and residential bank mortgage lender, JPMorganChase has encouraged the enactment of comprehensive federal housing legislation and previously supported a number of provisions included in the final bill. The 21st Century ROAD to Housing Act strengthens the tools communities use to build and preserve affordable homes. It focuses on removing key roadblocks, especially regulatory and process related delays, that raise costs and slow housing development.

Key provisions:

• Incentivize state and local pro-growth housing policies, including providing guidance and best practices to help jurisdictions modernize zoning and land use regulations.
• Streamline federal review processes, including reforms to environmental reviews that enable faster delivery of small and infill housing projects.
• Strengthen and modernize effective housing programs, including updates to manufactured housing that could expand financing opportunities and enable new construction approaches. JPMorganChase recently published a related analysis on state and local opportunities to unlock housing affordability through innovative construction.

These and other provisions have the potential to meaningfully improve housing affordability in neighborhoods across the country. We look forward to continuing our work with lawmakers to support the implementation of these policies to maximize impact.

This support builds on JPMorganChase’s broader focus on expanding opportunity through the American Dream Initiative (ADI), a multi-year effort to expand economic opportunity across the country. Through ADI, the firm is helping to accelerate and scale proven local solutions—including expanding housing access and affordability, an essential pillar of the American dream.

We appreciate Congressional leadership and the many stakeholders who helped shape this legislation. We look forward to ongoing collaboration with policymakers, housing providers, and community leaders throughout implementation.