Senate Passes Bipartisan Housing Bill in 85-5 Vote

Regulation
โดย Benzinga·Read original
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The United States Senate passed the 21st Century ROAD to Housing Act in an 85-5 vote, advancing a bipartisan housing package aimed at lowering costs by boosting supply and limiting institutional home buying. The legislation, led by Senator Tim Scott and Senator Elizabeth Warren, includes more than 45 provisions designed to expand housing supply, reduce construction barriers, and improve affordability, with Warren calling it the biggest housing bill in more than 30 years. A major provision would bar companies that already own more than 350 single-family homes from purchasing additional existing homes. The bill also seeks to accelerate homebuilding through zoning reforms, streamlined environmental reviews, and pre-approved housing designs, and includes a new Innovation Fund providing $200 million annually for five years to communities with a track record of increasing housing supply. The bill now heads to the House and would move to President Donald Trump for signature if approved.

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