U.S. Senator Lisa Blunt Rochester (D-Del.), a member of the Senate Banking, Housing, and Urban Affairs Committee, today introduced the Rental Housing Investment Act. By modernizing the tax code, this legislation aims to incentivize investment in affordable rental housing and address the nationwide housing affordability crisis.
Introduce legislation to modernize the tax code and incentivize investment in affordable rental housing to address the nationwide housing affordability crisis.
Occurrences
Senator Blunt Rochester introduced the Rental Housing Investment Act. By modernizing the tax code, this legislation aims to incentivize investment in affordable rental housing and address the nationwide housing affordability crisis.
"The Community Investment and Prosperity Act ... increases the cap on capital investment a bank can make in community development projects, which will unlock billions in capital for affordable housing, small businesses, financial education, and other economic development needs in communities that need it the most."
Congress has an opportunity to take tangible action toward addressing it with the ROAD to Housing Act , which begs the question of why House Republicans are pushing it aside. “America’s housing crisis must be met with swift action. This bipartisan legislation, which included three of my bills and passed the Senate unanimously, provided us a great opportunity to do so. While I’m sure House Republicans will come to regret blocking this legislation from being considered, that doesn’t mean our fight is over. We will continue to push for solutions and treat our housing crisis with the urgency it deserves – the American people deserve nothing less.”
Evidence
GovInfo lists S. 4080 as introduced on March 12, 2026, with the action that Ms. Blunt Rochester introduced the bill and it was read twice and referred to the Committee on Finance. The bill title is the Rental Housing Investment Act and its full title says it amends the Internal Revenue Code to provide bonus depreciation for long-term residential rental housing.
The senator’s office said she introduced the Rental Housing Investment Act and described it as legislation that would modernize the tax code, lower construction costs, and create stronger incentives to build new rental homes families can afford.
Assessments
The promise was specifically to introduce legislation, not necessarily enact it. The evidence shows Blunt Rochester introduced S. 4080, the Rental Housing Investment Act, on March 12, 2026, during her current Senate term. The bill directly matches the promised substance by amending the Internal Revenue Code to incentivize investment in long-term residential rental housing through bonus depreciation and was referred to the Senate Finance Committee. Because the promised action was introduction of legislation and she personally introduced it in the same federal term, this counts as delivered.