Nelson Mullins partner Jay Shuman was recently quoted in a Realtor.com article discussing the 21st Century Road to Housing Act to be sent to President Donald Trump, a day after he abruptly canceled signing it.

The article noted that the Road to Housing Act has been one of the most extensive housing bills for the past decade. The bill includes 45 provisions designed to reduce red tape and promote the construction of more homes. Although the House passed the bipartisan bill in a 358-32 vote, Trump canceled the signing ceremony.

Shuman observed that this delay complicates matters for developers affected by the housing bill’s investor ban.

“Developers are risk-averse by nature," Shuman said. "To have this uncertainty out there among all the other headwinds they may be facing in terms of interest rates and construction costs, it just makes for a more challenging environment."

You may read the full article here.