US EditionHouse overwhelmingly passes sweeping bipartisan housing package
The bipartisan bill passed 390-9 aims to cut regulatory barriers, modernize HUD programs, and expand funding flexibility to address the national housing shortage and affordability crisis.
- On Monday, the U.S. House of Representatives passed the Housing for the 21st Century Act in a 390-9 vote, sending the bipartisan package to the U.S. Senate for consideration.
- Led by Rep. French Hill, House Financial Services Committee chair, and Rep. Maxine Waters, ranking member, the bill aims to fast-track construction and give the Department of Housing and Urban Development more flexibility to address the housing shortage.
- The legislation would update HOME Investment Partnerships Program and Community Development Block Grant Program rules, allowing up to 20% of CDBG funds for housing and requiring annual HUD secretary testimony with zoning pilot programs.
- The vote now sets up interchamber negotiations as the bill faces a complicated path in the U.S. Senate and will test Congress's willingness to negotiate, supporters say.
- The bill would repeal a permanent-chassis requirement for manufactured homes to lower costs, promote point-access buildings and modular construction, and a Tuesday hearing will examine institutional buyer limits with Treasury definitions.
14 Articles
14 Articles
The House Finally Found a Policy Area Most Members Agree On
Kenneth Ferriera/APThe House of Representatives passed the Housing for the 21st Century Act, bipartisan legislation aimed at increasing available housing across the country, in a 390-9 vote on Monday.The bipartisan housing package, led by the House Financial Services Committee’s chair, Rep. French Hill, and its ranking member, Rep. Maxine Waters, would enable the federal government to address the severe housing shortage facing the nation by fast…
House Overwhelmingly Passes Bipartisan Housing Bill To Tackle Affordability Crisis, Push Localities To Build More Homes - Home Depot (NYSE:HD), iShares U.S. Real Estate ETF (ARCA:IYR)
Housing package passes House, aims to address affordability crisis by encouraging more home construction and reducing barriers. Senate next.
House Overwhemingly Passes Sweeping Housing Affordability Legislation
The House passed H.R. 6644—the Housing for the 21st Century Act—a bipartisan piece of legislation aimed at restoring affordability in the U.S. housing market on Feb. 9. Representatives voted 388–11 in favor of the bill: 198 Democrats and 190 Republicans. Similar legislation in the upper chamber—the Renewing Opportunity in the American Dream to Housing Act—contains most of the same measures. Overall cost of living has been a contentious issue for…
House overwhelmingly passes sweeping bipartisan housing package
The House on Monday overwhelmingly passed a bipartisan, comprehensive housing package aimed at ameliorating the affordability crisis in the U.S. and increasing homeownership. The legislation, dubbed the Housing for the 21st Century Act, passed the lower chamber by a vote of 390-9. It is sponsored by House Financial Services Committee Chair French Hill (R-Ark.) and ranking [...]
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