Senator Elizabeth Warren has introduced a bipartisan housing bill that would block private equity firms from buying single-family homes. The 21st Century ROAD to Housing Act includes more than 45 provisions aimed at boosting housing supply, cutting costs, and improving affordability, and would penalize corporate landlords that violate housing regulations with fines redirected toward housing initiatives. The legislation also strengthens programs like the Community Development Block Grant to speed aid to disaster-hit areas and targets rural housing to preserve affordable housing for 400,000 families. The bill comes as a Zillow analysis found starter homes now cost $1 million in 242 U.S. cities, roughly triple the number seen in February 2020, and the median U.S. home price stands at $418,000, with buyers spending about 42% of their income on housing.