Senate passes bipartisan ROAD to Housing Act to curb institutional investors and boost home supply
By
Mary Cunningham
Summary
A rare bipartisan bill called the 21st Century ROAD to Housing Act has passed in the Senate, aiming to lower home prices by boosting housing supply. The legislation would restrict institutional investors from purchasing single-family homes, remove regulatory barriers to construction, and take other steps to make home buying more affordable for Americans. The bill targets large investors who have been buying up housing stock, contributing to supply shortages and rising prices.
Source
bskySenate passes bipartisan ROAD to Housing Act to curb institutional investors and boost home supplycbsnews.comKey quotes
· 3 pulledA rare bipartisan bill passed in the Senate on Monday aims to make it easier and more affordable for Americans to buy a home by boosting the nation's housing supply.
The 21st Century ROAD to Housing Act would restrict institutional investors from purchasing single-family homes, remove regulatory barriers to construction and take other steps to...
The 21st Century ROAD to Housing Act, which has rare bipartisan support, would make it harder for major investors to hoard homes.
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