HOUSING BILL ADVANCES: Senate Passes Bipartisan Measure to Boost Homebuilding and Curb Institutional Home Purchases


The Senate passed a bipartisan housing affordability bill by an 85-5 vote, sending it to the House after lawmakers from both parties reached a compromise.

•⁠ ⁠The legislation aims to lower housing costs by making it easier to build homes, cutting regulations, and funding new housing construction projects.

•⁠ ⁠A key provision would restrict large Wall Street investment firms from buying up single-family homes, a practice critics say drives up prices and crowds out families.

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