House passes bipartisan housing affordability bill targeting supply and investor restrictions, sending it to Trump
By
Sahil Kapur
Summary
The House passed a major bipartisan housing affordability bill (358-32) aimed at boosting home supply and restricting large investors from buying up single-family homes. The bill, which cleared the Senate 85-5, now heads to President Trump, who is expected to sign it. It represents a rare bipartisan achievement in a gridlocked Congress and gives Republicans a key victory on the cost-of-living issue ahead of midterm elections.
Source
bskyHouse passes bipartisan housing affordability bill targeting supply and investor restrictions, sending it to Trumpnbcnews.toKey quotes
· 2 pulledThe House passed a major housing affordability bill Tuesday aimed at boosting the supply of homes and cracking down on large investors' buying up houses.
It is a rare bipartisan achievement for a largely gridlocked Congress in Trump's second term, giving Republicans, who control both chambers, a desperately needed victory on the politically potent issue of lowering costs just months ahead of the midterm elections.
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