ALTA Celebrates 21st Century ROAD to Housing Act Becoming Law
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, has issued a statement following the enactment of the bipartisan, bicameral 21st Century ROAD to Housing Act.
ALTA commended congressional leaders from both chambers, as well as President Trump and the Trump Administration, for their commitment to addressing the growing need for more attainable and sustainable homeownership opportunities for American families.
The 21st Century ROAD to Housing Act is viewed as a significant advance in expanding the nation's housing supply, modernizing federal housing policy, and improving access to homeownership. At a time when housing affordability is a critical issue for families nationwide, this new law exemplifies the potential for bipartisan cooperation on practical solutions that benefit homebuyers, homeowners, and communities.
“ALTA congratulates Chairman Tim Scott, Ranking Member Elizabeth Warren, Chairman French Hill, Ranking Member Maxine Waters, and congressional leaders for advancing this historic legislation,” said ALTA CEO Chris Morton. “This is a big win for the American people. Homeownership is one of the most important ways families build stability, security, and generational wealth, and the 21st Century ROAD to Housing Act is an important step toward helping more Americans achieve that dream.”
ALTA has advocated for policies that expand housing opportunities while maintaining essential safeguards that ensure the U.S. real estate system remains secure and reliable. The organization is keen on protecting homebuyers and lenders from fraud, forgery, title defects, and other risks that could jeopardize property ownership.
“The title insurance industry is integral to these conversations because fraud is unaffordable,” Morton added. “For most Americans, a home is the largest financial investment they will ever make. Title professionals work every day to identify and prevent fraud before a real estate transaction is completed and to provide lasting protection for homeowners and their property rights.”
ALTA expressed gratitude to Congress for passing this landmark legislation and acknowledged President Trump and the Administration for their ongoing focus on housing affordability. The title insurance industry looks forward to collaborating with the Administration, Congress, and policymakers at all levels to enhance homeownership, protect consumers, combat real estate fraud, and safeguard property rights for all Americans.
The American Land Title Association, established in 1907, represents over 17,000 title insurance companies nationwide, with more than 90% classified as small businesses.