Originally published in the May 26, 2026, issue of AI’s Appraisal Now
Reprinted with permission from AI

The U.S. House passed the bipartisan 21st Century ROAD to Housing Act on May 20, advancing a package aimed at expanding housing supply, improving affordability, and updating federal housing programs. The Appraisal Institute said the bill includes two measures it supports, the Appraisal Modernization Act and the Appraisal Industry Improvement Act, which would require the FHA, FHFA, the Department of Agriculture, and the Department of Veterans Affairs to implement and maintain clearer, agency-specific reconsideration of value (ROV) guidelines, while also bolstering the appraisal workforce through education and training support. The legislation now awaits Senate consideration.

Against that backdrop, appraisers from across the country traveled to Washington, D.C. last week for the Appraisal Institute’s Leadership Development & Advisory Council (LDAC) and Legislative Day, meeting with members of Congress and staff to discuss the Portal for Appraisal Licensing Act (PAL Act), the role of appraisers in the VA home loan program, and the appraisal-related provisions in the ROAD to Housing Act, particularly workforce development and ROV reforms.