The newly enacted 21st Century ROAD to Housing Act is a “consequential” but incremental step toward addressing housing affordability challenges, with potential benefits for small-dollar mortgages, manufactured housing and multifamily financing, according to several industry trade groups.

Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association (MBA) — who has spent roughly four decades working in Washington — said the legislation represents Congress “at its best” after the House and Senate combined more than 60 housing provisions into a bipartisan package.

“By themselves, none of them are silver bullets,” Kilmer told HousingWire. “But details ⇒

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