President Donald Trump will let the bipartisan housing bill approved by Congress become law without his signature, the Associated Press reported Friday, July 10. Trump had 10 days until the Friday deadline to sign the bill, issue a veto or allow the measure to take effect without his signature.

The 21st Century ROAD to Housing Act aims to lower the cost of housing and spur more home construction. It’s the broadest federal effort in decades to address America’s housing affordability problems, as state and local regulations have made it difficult to build in many of the communities that are also sources of job growth and economic opportunity. White House economists estimated earlier this year a national shortage of 10 million homes and the bill could help to close a portion of that gap.

The U.S. Senate passed the legislation on June 22, with the U.S. House following suit the next day. Following its passage, the National League of Cities (NLC) President and Louisville, Kentucky, council member Kevin Kramer, issued the following statement:

“The NLC applauds Congress for the overwhelming bipartisan approval of the 21st Century ROAD to Housing Act, which maintains and improves housing supply provisions important to cities, towns and villages. NLC and local leaders called on Congress and the Administration to invest fully in our nation’s housing infrastructure. With this bill’s passage, they have delivered for our communities and our residents.”

The NLC praised the leadership and members of the House Financial Services Committee, including Arkansas Rep. French Hill, who chairs the committee, for recognizing the critical role of local governments in addressing the nation’s housing needs by updating and improving programs like Community Development Block Grants and the HOME Investment Partnership Program, removing regulatory roadblocks and increasing local flexibility.