Senate passes bill to lower housing costs and restrict Wall Street from buying homes
The measure would ease regulations, expand manufactured housing and tie federal grants to homebuilding as lawmakers seek to address a 4.7 million-home shortage.
- On Monday, the Senate passed the bipartisan 21st Century ROAD to Housing Act in an 85-5 vote, aiming to boost housing supply and reduce costs for Americans.
- Lawmakers negotiated for months to address a national shortage of over 4.7 million homes, embracing the bill as a bipartisan solution to the ongoing affordability crisis.
- The legislation limits large institutional investors from purchasing single-family homes while streamlining environmental reviews and federal regulations to accelerate construction of new housing units.
- House leaders expect to vote on the measure later this week, potentially sending it to President Donald Trump, who has signaled his support for passage.
- The National Housing Conference views the bill as a significant down payment on long-term efforts to make homeownership more accessible for American families.
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Real Estate Crisis Relief: Senate Overwhelmingly Approves a Historic Package to Reduce Housing Costs
The Senate overwhelmingly passed a bipartisan housing package on Monday, pushing for legislation designed to address rising housing costs and expand housing supply in the country, which now passes to the House of Representatives, where legislators are expected to pass it before sending it to President Donald Trump for signature. The bill, which was pushed by Republican Senator Tim Scott and Democratic Senator Elizabeth Warren, was passed after a…
Senate passes bipartisan housing bill aimed at increasing supply and lowering prices
The Senate passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices.
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U.S. Senate passes landmark bipartisan housing bill, sends to House
(The Center Square) – Bipartisan legislation to boost housing supply and home ownership nationally cleared the U.S. Senate in an 85-5 vote Monday evening, the largest housing bill Congress has advanced in decades.
Bipartisan Housing Bill Sails Through Senate
The Senate passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices. The bill, which passed 85-5 and now heads to the House, has been the focus...
Senate passes housing bill aimed at lowering costs, boosting supply | Honolulu Star-Advertiser
WASHINGTON >> The Senate passed a bipartisan affordable housing bill today as Congress attempts to finish work on it by the end of this week and clear the way for President Donald Trump to sign the legislation into law.
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