Connecticut lawmakers are celebrating the historic passage of the 21st Century ROAD to Housing Act, calling the bipartisan federal legislation an extraordinary breakthrough in combating the nation's severe affordable housing crisis.

The sweeping law targets the supply shortage by streamlining construction, expanding financing options to make loans more accessible and cutting regulatory red tape for property owners.

Crucially, the legislation shifts market power back to ordinary renters and buyers by heavily restricting corporate landlords and large institutional investors from snapping up single-family homes.