Trump to sign sweeping bipartisan housing bill into law at Capitol
Summary
President Trump will sign a new bipartisan law called the 21st Century ROAD to Housing Act, designed to make housing more affordable and increase the number of homes available. The law limits large investors from buying certain single-family homes and includes programs to help build and convert buildings into affordable housing.Key Facts
- The law aims to reduce housing costs and increase housing supply in the U.S.
- It restricts big investors who own more than 1,000 homes from buying existing single-family houses.
- The bill passed both the House and Senate with support from Democrats and Republicans.
- It includes a pilot program to turn empty commercial buildings into affordable homes.
- The law allows more federal money to fund factory-built homes and removes some building rules.
- Supporters say limiting investor purchases will lower competition and help regular homebuyers.
- President Trump plans to sign the bill at the Capitol alongside top congressional leaders.
- While acknowledging the housing bill, President Trump emphasized his focus on the SAVE America Act, an elections bill he supports.
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