Housing Bill Could Boost Community Land Trusts
On July 11, the 21st Century ROAD to Housing Act became law. The effects of the law, which comprises 47 components, including program reauthorization, new authorities, requirements for cabinet agency rulemaking, reporting, and interagency cooperation, largely depend on executive branch actions.
More precisely, ROAD includes some provisions that are self-executing, others that require guidance by a certain date, and others for which HUD has some flexibility. That said, even though it is not fully clear how the law’s provisions will be implemented, community members, as well as local and state governments, should prepare now for the opportunities ahead to advance their goals of developing and preserving more housing.