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.
62 Articles
62 Articles
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.
Senate passes ROAD to Housing Act; Cramer, Hoeven, and Klobuchar praise bipartisan bill
The U.S. Senate passed the bipartisan 21st Century ROAD to Housing Act on an 85-5 vote. Sens. Kevin Cramer, John Hoeven and Amy Klobuchar say the bill will expand housing supply, cut red tape and help lower costs as it moves to the House.
Senate passes revamped House bill that will bar investors from buying up single-family homes
WASHINGTON — The Senate on Monday passed a revised bill to reduce the cost of housing in the US that will bar institutional investors from buying up single-family homes, among other provisions.
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