Senate passes bill to lower housing costs and restrict Wall Street from buying homes
The 85-5 vote adds a 350-home cap on large investors and streamlines housing rules to boost supply, lawmakers said.
- The Senate passed a landmark housing bill on Monday in a rare 85–5 bipartisan landslide, marking the most sweeping federal intervention in the U.S. housing market in over three decades.
- The "21st Century Road to Housing Act" explicitly bans large institutional investors from buying up single-family homes if they already own 350 or more properties, a joint effort by progressives like Sen. Elizabeth Warren and President Donald Trump to stop Wall Street from squeezing out families.
- The legislation slashes federal red tape to boost construction, removing outdated manufacturing rules—such as the requirement that manufactured homes retain wheels and steel frames—to dramatically lower the cost of factory-built housing.
- Local communities will receive major financial incentives to build, with the bill offering expanded Community Development Block Grants to cities that exceed median homebuilding rates or reform restrictive local zoning regulations.
- The bill now heads to the House of Representatives for final approval, where it is expected to pass quickly later this week before going to President Trump, who has already signaled his full support.
121 Articles
121 Articles
US Senate Bans Federal Reserve CBDC in Housing Bill
The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030, which is expected to be quickly taken up and passed by the House. The Senate on Monday voted 85-5 to pass the 21st Century Road to Housing Act, which aims to increase the housing supply after a bipartisan group of House and Senate leaders reached a deal last week to move forward with th…
Real Estate Crisis Relief: Senate Overwhelmingly Approves a Historic Package to Reduce Housing Costs
The Senate overwhelmingly passed a bipartisan housing package on Monday, pushing for legislation designed to address rising housing costs and expand housing supply in the country, which now passes to the House of Representatives, where legislators are expected to pass it before sending it to President Donald Trump for signature. The bill, which was pushed by Republican Senator Tim Scott and Democratic Senator Elizabeth Warren, was passed after a…
Senate passes bipartisan housing bill aimed at increasing supply and lowering prices
The Senate passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices.
Senate Passes Bipartisan Bill To Ban Institutional Investors From Buying Single-Family Homes - Real News Now
The Senate on Monday overwhelmingly approved a revamped housing bill that would prohibit institutional investors from purchasing single-family homes, a move lawmakers say is aimed at making homeownership more affordable for American families. The revised 21st Century Road to Housing Act passed in an 85-5 bipartisan vote. Sens. Tommy Tuberville, Ron Johnson, Rick Scott, Rand Paul and Mike Lee voted against the legislation. Tim Scott, chairman of …
U.S. Senate passes bipartisan housing bill aimed at increasing supply, lowering prices
The bill, which passed 85-5 and now heads to the House, has been the focus of intense negotiations in recent weeks as lawmakers in both parties try to address housing costs in an election year
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