House approves major housing affordability bill, sending measure to Trump
Summary
The House passed the 21st Century ROAD to Housing Act by a large bipartisan vote. This bill aims to make housing more affordable by increasing home supply, limiting corporate homebuyers, and speeding up construction, and now awaits President Trump's signature.Key Facts
- The House vote was 358 to 32 in favor of the housing bill.
- The Senate had already approved the bill with strong bipartisan support.
- The bill limits how corporate investors can buy single-family homes.
- It also simplifies environmental reviews and cuts regulatory delays to help build homes faster.
- The bill was created through cooperation between Republican and Democratic leaders in both the House and Senate.
- The White House supports the bill and calls it the most important housing law in U.S. history.
- Experts say large investors own a small part of single-family rentals and may not be the main cause of high home prices.
- Lawmakers say the bill is a first step toward solving the housing affordability crisis.
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