Housing and real estate trade groups are urging lawmakers to revise several provisions in the 21st Century ROAD to Housing Act, which is scheduled for a vote on the Senate floor.

Industry concerns focus on the bill’s build-to-rent (BTR) provision that require institutional investors to sell newly constructed BTR homes within a set time frame, drafting errors in the Federal Housing Administration (FHA)’s multifamily loan limit section, and a requirement that mortgage servicers provide foreclosure mitigation counseling for all government-backed loans with 30-days delinquencies.

The bipartisan bill combines the House-passed details ⇒

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