Bipartisan “Saving the American Dream Act” Aims to Tackle Housing Affordability Crisis

On September 16, 2025, Rep. Mark Alford of Missouri, along with fellow Co-Chairs of the Congressional Real Estate Caucus Reps. Lou Correa (California), Tracey Mann (Kansas), and Brittany Pettersen (Colorado) introduced the “Saving the American Dream Act,” a sweeping legislative measure designed to address the growing housing affordability crisis in the U.S.

The legislation establishes an interagency task force to promote a coordinated government response to tackle the complex challenges of housing affordability. This initiative will focus on several critical areas, including:

• Reducing mortgage costs
• Streamlining federal housing finance programs
• Lowering housing construction costs and overcoming production barriers
• Addressing local regulatory obstacles to housing production
• Managing insurance costs and ensuring availability
• Supporting down payment assistance and housing transaction incentives
• Coordinating disaster resilience and housing recovery

“Homeownership remains a cornerstone of the American Dream,” said Rep. Alford. “Unfortunately, many families are finding this dream increasingly out of reach due to the affordability crisis. By launching this initiative, we aim to create a comprehensive strategy to make homeownership accessible to more families, providing a path for building equity and long-term financial stability.”

A Bold Step for Housing Policy Reform

The “Saving the American Dream Act” has garnered support from multiple sectors within the housing industry, including key organizations such as the National Association of Realtors (NAR), National Multifamily Housing Council (NMHC), National Apartment Association (NAA), and many others. These groups recognize the necessity of addressing homeownership challenges from a multi-faceted approach, combining efforts from both the federal and private sectors.

Launched in May 2024, the Congressional Real Estate Caucus works to ensure that housing issues are a priority in legislative discussions. It has since grown rapidly from just four members to more than 50, underscoring the urgency of the housing crisis. According to Rep. Correa, “This bill is not just another piece of legislation. It’s a comprehensive, all-hands-on-deck approach to solving the housing affordability problem. We need to make housing more attainable for the next generation, especially as many young people today are finding homeownership out of their reach.”

Strategic Solutions for Real-World Problems

The proposed bill aims to address multiple barriers to homeownership, including skyrocketing construction costs, restrictive local regulations, and the high cost of insurance. These issues have made it more difficult for families, particularly in the working and middle classes, to afford homes. The creation of a federal task force to coordinate efforts between agencies is seen as a critical step toward developing evidence-based policies that are in line with the market’s needs.

“Over the years, housing affordability has only become more pressing,” said Rep. Mann. “We need to act now. This bill will pave the way for better policies that lower costs, incentivize new housing production, and, most importantly, help families achieve the American Dream of homeownership.”

Support from the Housing Industry and Policymakers

The bill has received overwhelming support from influential housing organizations. Shannon McGahn, EVP and Chief Advocacy Officer for NAR, expressed gratitude for the bill’s introduction, stating, “This legislation represents a crucial step toward comprehensive housing policy reform. It addresses many of the systemic barriers to homeownership, including high construction costs and regulatory hurdles, by ensuring better coordination across federal agencies.”

The Mortgage Bankers Association (MBA) also expressed support for the bill, with Bill Killmer, SVP of Legislative & Political Affairs, emphasizing that the legislation’s focus on interagency collaboration will help to reduce obstacles to homeownership. “The collaboration encouraged by this bill can lead to better alignment of federal housing programs, making homeownership more accessible for Americans,” Killmer stated.

A National Effort to Reinforce the American Dream

The “Saving the American Dream Act” has gathered a broad coalition of co-sponsors from both major political parties. In addition to Reps. Alford, Correa, Mann, and Pettersen, other notable co-sponsors include Reps. Mike Lawler (New York), Josh Riley (New York), Ken Calvert (California), Rob Wittman (Virginia), Brad Sherman (California), Erin Houchin (Indiana), Angie Craig (Minnesota), Sarah McBride (Delaware), and Suhas Subramanyam (Virginia). Their collective support reflects a bipartisan recognition of the urgent need to improve housing accessibility across the nation.

As home prices continue to soar, and many families remain priced out of the market, this bill represents a bold attempt to stabilize the housing market and make homeownership a reality for more Americans. With the support of the real estate industry and policymakers, the “Saving the American Dream Act” could mark a significant step in addressing one of the most pressing issues facing the nation today. Fhttps://youtu.be/e2k3rYfixmAor direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.