Major Housing Affordability Bill Advances in Congress, Awaits Senate Approval
The U.S. House of Representatives has advanced the 21st Century Road to Housing Act, a significant housing reform package, with a vote of 396-13. The bill, which aims to improve housing affordability, includes amendments that address concerns about investor bans and housing development. The House's version removes a provision requiring large investors to sell built-to-rent homes after seven years. The bill now awaits Senate concurrence on these amendments before potentially heading to President Trump's desk. The legislation has garnered bipartisan support, reflecting a concerted effort to address the housing crisis.