Senate passes bipartisan housing bill to increase affordability
The Senate has approved a bipartisan bill aimed at addressing housing costs. The legislation now moves to the House for consideration. (sources: theguardian, cbsnews, washingtonpost)
The Senate passed the 21st Century Road to Housing Act, which seeks to increase housing supply and limit the ability of large investors to purchase homes. This marks the first significant housing legislation since the financial crisis.
- The bill aims to boost homeownership and affordability.
- It would restrict institutional investors from acquiring more than 350 single-family homes.
- The legislation has received bipartisan support.
Why it matters
The bill represents a legislative effort to address ongoing challenges in the housing market.
↓ Congress can act on this
5 bills on this issue are moving right now — and the most active one is HR6644: 21st Century ROAD to Housing Act.
HR6644 · 119th Congress
21st Century ROAD to Housing Act
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About this bill
What HR6644 actually does
This story is about US Senate passes bipartisan bill to lower housing costs. This bill would streamline and update multiple housing, lending, and program rules tied to supply and affordability.
If passed, it would:
- streamline and update multiple housing, lending, and program rules tied to supply and affordability • carry a large bipartisan bundle of supply, homeownership, manufactured-housing.
4 other bills moving on this issue
Take action on any of them individually.
This story is about US Senate passes bipartisan bill to lower housing costs. This bill would amend the Housing and Community Development Act of 1974 to expand new home construction.
If passed, it would
- amend the Housing and Community Development Act of 1974 to expand new home construction • give Congress a smaller, more targeted supply vehicle if the broader package stalls.
This story is about US Senate passes bipartisan bill to lower housing costs. This bill would impose a tax on certain purchases of single-family homes by large investors.
If passed, it would
- impose a tax on certain purchases of single-family homes by large investors • make it harder for institutional buyers to outbid households in the starter-home market.
This story is about US Senate passes bipartisan bill to lower housing costs. This bill would create a refundable first-time homebuyer tax credit tied to the down payment.
If passed, it would
- create a refundable first-time homebuyer tax credit tied to the down payment • create a tax credit for builders who construct qualifying starter homes.
This story is about US Senate passes bipartisan bill to lower housing costs. This bill would require certain multifamily borrowers with federally backed loans to report positive rent payments to consumer reporting.
If passed, it would
- require certain multifamily borrowers with federally backed loans to report positive rent payments to consumer • help renters build credit histories that can support FHA-backed mortgage access.