Housing for the 21st Century Act

Floor Speech

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Mr. HORSFORD. Mr. Speaker, I rise today in strong support of the 21st Century ROAD to Housing Act, and I am casting my vote for people, not for corporations.

Across the United States and in my home State of Nevada, the dream of homeownership has been slipping further out of reach for working families. In fact, Las Vegas is ranked second in the Nation for corporate homeownership. Thirty percent of the residents in Nevada have been impacted by institutional investors.

Last year, I listened when my constituents throughout southern Nevada told me that the issue of housing was their greatest concern. That is why, working with the ranking member, we were able to build a housing platform that could really address the problems that people are facing.

Today, the 21st Century ROAD to Housing Act will finally address these problems and make the dream of homeownership attainable.

This bill creates greater accountability in the housing market, increases housing supply, and places new restrictions on large, institutional investors from buying up single-family homes.

It ensures veterans are not penalized for receiving disability benefits when qualifying for housing vouchers, a commonsense change that I am sure that we can all support.

I am proud that we are putting homeowners over hedge funds, Mr. Speaker, and I urge my colleagues to vote ``yes'' on this bill.

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