On July 11, 2026, the “21st Century ROAD to Housing Act” (the “Act”) (Public Law No. 119-101) became effective law in the United States. The Act became effective after it passed out of Senate and House of Representatives with an overwhelming majority, and President Trump neither signed nor vetoed the bill after 10 days.
The Act intends to improve America’s housing crisis by increasing the supply of houses and reducing the cost of home ownership. The Act addresses these issues by reducing the regulatory burden associated with homebuilding and expanding eligibility for financing programs made available by the United States Department of Housing and Urban Development (among other things).
Notably, the Act also includes provisions that update various regulations directly applicable to community banks. This includes creating new exceptions for custodial deposits from qualifying as brokered deposits, increasing regulatory thresholds to qualify for an 18-month exam cycle, and requiring federal banking agencies to streamline de novo bank formation.
Please join us at the August Monthly Telephone Briefing where we will discuss the 21st Century ROAD to Housing Act and the potential impact it could have on community banks. Handout to be posted Thursday, August 20th.
