Originally published in the May 19, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

Congress is poised to take another major step on housing policy after House and Senate negotiators reached agreement on a final version of the 21st Century ROAD to Housing Act—a bipartisan package to expand housing supply, improve affordability, and modernize federal housing programs.

The House is expected to consider the negotiated package next week, and passage is widely anticipated. The Senate previously approved an earlier version 89–10; timing for final Senate action on the updated package is still being determined.

For the appraisal profession, the negotiated legislation includes long-standing Appraisal Institute priorities—an important policy win as Congress examines housing finance, consumer protection, and appraisal modernization.

The bill incorporates the Appraisal Modernization Act, setting new requirements for reconsideration of value (ROV) processes. The measure reflects Appraisal Institute recommendations and provides a clear path for consumers to request a second look when appropriate. FHA, FHFA, the Department of Agriculture, and the Department of Veterans Affairs would be required to implement and maintain their own ROV guidelines.

The legislation also includes the Appraisal Industry Improvement Act, focused on workforce and professional development reforms.

Key provisions include:

• Restores eligibility for qualified state-licensed appraisers to perform FHA-insured mortgage assignments
• Expands appraisal education and workforce development through new Appraisal Subcommittee grant authority
• Authorizes grants for education, training, and other activities to strengthen the appraisal pipeline

The Appraisal Institute will continue working with lawmakers as the package moves toward enactment and implementation.