Housing Bill Clears Congress

Congress cleared the 21st Century ROAD to Housing Act with overwhelming bipartisan support, sending the most significant federal housing package in decades to President Donald Trump for his expected signature. The House passed the measure 358-32 on Tuesday after the Senate approved it 85-5 a day earlier, giving lawmakers a rare bipartisan win as housing costs weigh on voters ahead of the midterm elections. The bill seeks to boost housing supply, encourage local and manufactured-home development, streamline construction rules and limit the role of large institutional investors in residential real estate. Supporters cast it as a first major step toward easing the affordability crisis for renters and homebuyers, reflecting a growing cross-party consensus that the United States needs to build more homes.