Sweeping Housing Affordability Bill Becomes Law, Despite Trump’s Delay. Here’s What It Actually Means for the Housing Market
The measure includes more than 45 provisions to boost housing supply and curb costs, including limits on institutional buyers of single-family homes.
- The 21st Century Road to Housing Act became law at 12 a.m. on Saturday without President Donald Trump's signature, after he declined to sign the bipartisan legislation in protest over the Senate's failure to advance the SAVE America Act.
- Trump refused to sign the legislation in protest because the Senate has not passed the SAVE America Act, a voter ID measure he prioritizes. He previously canceled a planned signing ceremony, calling the housing bill a "yawn."
- The new law includes more than 45 provisions aimed at increasing housing supply and reducing costs. It prohibits any investor owning more than 350 single-family homes from making additional purchases to aid homebuyers.
- Elizabeth Warren, Massachusetts Democratic senator, harshly criticized the president's refusal to sign, while House Speaker Mike Johnson defended the protest as an effective way to highlight election integrity and benefit the American people.
- Implementation of the new tasks will determine success of the housing affordability initiative, according to Shaun Donovan, former HUD secretary. The law addresses supply constraints but does not solve broader challenges like high mortgage rates above 6%.
52 Articles
52 Articles
Senators Celebrate Bipartisan Housing Bill
"Lawmakers on both sides of the aisle celebrated the landmark bipartisan housing bill becoming law overnight Saturday despite President Donald Trump's refusal to sign it," ABC News reports."The 21st Century Road to Housing Act aims to address the country’s housing shortage by increasing the su
Housing Win Without Trump’s Pen
A rare bipartisan housing bill to tackle high housing costs just became law without President Trump’s signature, after he refused to sign it while demanding action on voter ID. Story Snapshot A major bipartisan housing affordability bill passed Congress by veto-proof margins and is now law without Trump’s signature. The 21st Century ROAD to Housing...
Trump's 'bafflingly stupid' midnight move splits GOP and unites cheering Dems: analysts
Republican infighting broke out Saturday as Democrats presented a unified front celebrating a bipartisan bill that President Donald Trump allowed to pass at midnight by refusing to either veto or sign it. The ROAD to Housing Act, described by CNN as a "sweeping" bipartisan bill to tackle housing aff...
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