Richard Ross, CEO of Quinn Residences, was featured in The New York Times’ article that provides a breakdown on the newly passed 21st Century ROAD to Housing Act and explains why the largest housing effort in a generation is unlikely to make an impact anytime soon.
The article explains why this bill will not make an immediate impact, even though Congress has been advocating for a similar bill for a decade and notes that due to funding, local state legislation, and other macroecnomonic factors, this law isn’t going to give relief to the citizens who are struggling now.
The piece gives background on how the bill became law, further discussing how, throughout the process, the bill demonstrated that Congress can return to thoughtful legislation and come together on pressing issues, then dives deeper into single-family rental housing and “build to rent” communities, which have become one of the fastest-growing segments of the housing market.
Richard shares his perspective on what this bill means for dedicated rental communities.
”This bill essentially makes the building of dedicated rental communities the primary area of growth for the single-family rental industry.
Richard RossCEO of Quinn Residences
Read the full article in The New York Times.
