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BEATTY PASSES 6 BILLS IN THE HOUSE AFFORDABLE HOUSING PACKAGE

Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

WASHINGTON, D.C. –  This week Congresswoman Joyce Beatty (OH-03) secured House passage of six legislative measures aimed to expand affordable housing, protect homeowners, and strengthen community financial institutions that finance housing development across Central Ohio and communities nationwide.

The measures passed under suspension of the rules as part of H.Res. 1299, the 21st Century ROAD to Housing Act,a bipartisan package for housing and community banking reform designed to increase housing supply, modernize financing tools, and make homeownership a reality for working families. The vote comes as families across Central Ohio continue to face mounting housing challenges, including rising rents, limited housing inventory, and growing concerns about affordability.

“For too many Americans, homeownership feels impossible,” said Congresswoman Beatty. “My bills are a critical first step toward addressing the growing housing crisis across our country. These reforms will help spur housing development, direct investment where it is needed most, and strengthen the local financial institutions that finance affordable housing projects. Young people and working families deserve a fair shot at achieving the dream of homeownership. It’s time we make that dream a reality.”

Beatty Bills Included in the Housing Package: 

  • H.R. 2031 – HOME Investment Partnerships Reauthorization and Improvement Act

    • Included in Section 501, this legislation strengthens the Department of Housing and Urban Development’s HOME program by reducing burdensome compliance requirements for small properties and increasing flexibility for nonprofit housing providers serving low- and extremely low-income households.

  • H.R. 6726 – Reforms to Housing Counseling and Financial Literacy Programs Act of 2025

    • Included in Section 101, this bill supports foreclosure mitigation counseling for borrowers who are at least 30 days delinquent on mortgage payments, helping families avoid foreclosure and remain in their homes.

  • H.R. 5913 – Community Investment and Prosperity Act

    • Included in Section 203, this legislation expands banks’ ability to invest private capital into affordable housing, small business lending, and community revitalization by increasing the public welfare investment cap from 15 percent to 20 percent.

  • H.R. 3234 – Keeping Deposits Local Act

    • Included in Section 902, this bill modernizes the treatment of reciprocal deposits to improve liquidity for small and midsize banks, enabling them to expand local lending and support affordable housing development.

  • H.R. 3709 – Advancing the Mentor-Protégé Program for Small Financial Institutions Act

    • Included in Section 908, this legislation codifies the Treasury Department’s Financial Agent Mentor-Protégé Program to strengthen partnerships between large banks, community banks, and minority depository institutions (MDIs), helping smaller lenders better support housing and community development efforts.

  • H.R. 5429 – HUD-USDA-VA Interagency Coordination Act

    • Included in Section 801, this bill requires the Departments of Housing and Urban Development (HUD), Agriculture (USDA), and Veterans Affairs (VA) to coordinate and share housing-related research, data, and market information to improve federal housing policy and program delivery.

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