Congress reaches deal on housing bill capping investor purchases of single-family homes at 350
By
Emily Wilkins
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
A bipartisan affordable housing bill that limits major investors from buying more than 350 single-family homes is set to pass through Congress quickly after key lawmakers reached an agreement. The bill focuses on increasing housing supply and drops a controversial provision requiring investors to sell units within seven years. Senate Majority Leader John Thune indicated the bill could clear the Senate as soon as this week.
Key quotes
· 1 pulledSenate Majority Leader John Thune, R-S.D. told reporters on Tuesday that the bill could clear the Senate as soon as t
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