Congress Passes First Major Housing Package in Decades, but Affordability Fix Will Take Time
By
Tony Romm
Summary
Congress has passed the 21st Century ROAD to Housing Act, the first major housing package in over 30 years, aimed at boosting new construction to address affordability. However, the legislation will take time to implement, testing the patience of families frustrated by high housing prices. The package is widely praised but is not a quick fix.
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Key quotes
· 2 pulledFor the first time in more than 30 years, members of Congress have secured a major legislative package that could make housing more affordable
It is a widely lauded proposal, the byproduct of long and winding negotiations
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