House passes bipartisan affordable housing bill targeting homebuyer costs and institutional investors
By
Justin Papp
Summary
The U.S. House passed the 21st Century ROAD to Housing Act with a bipartisan 358-32 vote, sending the affordable housing bill to President Trump's desk. The legislation aims to lower costs for homebuyers and rein in institutional investors. It passed the Senate 85-5 after months of debate and compromise between the chambers. Trump is scheduled to sign the bill into law.
Source
bskyHouse passes bipartisan affordable housing bill targeting homebuyer costs and institutional investorscnbc.comKey quotes
· 3 pulledThe U.S. House on Tuesday voted 358-32 in favor of an affordable housing bill aimed at lowering costs for homebuyers and reining in institutional investors
The legislation, dubbed the 21st Century ROAD to Housing Act, is a rare bipartisan measure in a deeply divided Congress
It advanced out of the Senate on Monday night by a vote of 85-5, after months of debate and different versions ping-ponging between the House and Senate
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