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Bipartisan Efforts to Address Housing Issues Move Through Congress
The bipartisan Housing for the 21st Century Act passed 390-9 in the House to boost affordable homes by streamlining permits and incentivizing development near transit, with Senate negotiations ongoing.
- On February 21, the U.S. House of Representatives approved the bill, which advanced to the Senate on February 22.
- To close the housing supply gap, the bill includes pre-approved home designs, support for community and rural banks, easier financing for manufactured homes, and modernized federal grant programs.
- Despite similarities, the two bills omit a presidential priority to ban large institutional investors, and Brookings estimates such investors hold less than 2% of the market.
- As of this week, the U.S. Senate is expected to reconcile differences and combine the bills before both chambers of Congress approve a single plan, with effects possibly visible in about a year.
- Given rising prices since 2019, the national housing market is short millions of homes; critics warn the bill could weaken environmental reviews despite bipartisan support.
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Locked Out: Can Congress Fix the Housing Crisis?
The House recently passed a bipartisan housing bill aimed at building more homes and easing high prices, a rare point of agreement in a deeply divided Congress. If you’re hoping to buy in the next year or two, this could…
·Cherokee County, United States
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Total News Sources29
Leaning Left2Leaning Right8Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
11%
C 47%
R 42%
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