ROAD to Housing Act: Preparing for Opportunities, Risks, Implementation, and Enforcement

This course will explore 21^st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act takeaways that counsel and their developer, investor, and lending clients should know to prepare for anticipated agency guidance; grant criteria and applications; capital and banking impacts; compliance requirements; and investor restrictions affecting deals.

Designed to make housing production easier and expand federal fund usage and financing channels, the ROAD Act addresses housing affordability from the supply side. For local governments, housing authorities and providers, developers, lenders, banks, and investors, it is one of the most significant federal housing packages in decades.

Our faculty will cover HUD's impact on local zoning and land use policies, along with incentives and funding tools intended to increase housing supply. The Act's searchable database for Community Development Block Grant (CDBG) grantees; grant funding for affordable housing construction, planning, and implementation; and innovation fund impacts will be addressed. The faculty will also discuss how to identify qualifying projects and share strategies to coordinate lenders, housing authorities, and developer efforts before implementation.

The webinar will address the Act's provisions streamlining environmental review for certain federally supported housing activities, its adaptive reuse funding pilot for vacant commercial or industrial buildings through the Home Investment Partnerships Program (HOME), changing FHA multifamily loan limits, and more. The discussion will help counsel identify projects most likely to benefit from CDBG and HOME changes, FHA financing updates, and environmental review adjustments.

The ROAD Act's banking components increase the cap on public welfare investments, including affordable housing and community development projects; modify custodial and reciprocal deposit treatment; support new community banks and credit unions; and more. Our faculty will analyze how these provisions will likely affect public welfare investments, housing partnerships, small-dollar mortgages, and construction lending.

The Act includes significant single-family institutional investment restrictions. This course will spotlight enforcement and penalty project impacts, as well as its limited exceptions. How institutional investors, build-to-rent sponsors, lenders, and JV partners can assess acquisition strategies, structures, notice obligations, and transaction timelines in advance of the Act's effective date will be analyzed.

Listen to this course covering key aspects and requirements of the ROAD Act and the practical implications for real estate finance counsel and their clients, including Act impacts affecting larger institutional investors, project financing, and lenders.