Congress sends bipartisan housing bill to President Trump
8 verified1 unconfirmed1 contested
Congress has given final approval to a broad bipartisan housing bill aimed at lowering costs and increasing the supply of affordable homes. The House passed the measure 358-32 on Tuesday, following a Monday Senate vote of 85-5. The legislation now goes to President Donald Trump, who is expected to sign it into law. The bill curbs corporate investors from buying large numbers of single-family homes, streamlines environmental reviews and other regulations for builders, and provides financial incentives for local governments that construct more housing. Lawmakers in both parties cited rising public frustration over home prices and rents, with some pointing to upcoming midterm elections as pressure to act. The effort represents one of the most sweeping housing affordability packages to clear Congress in decades.
What’s verified
The House passed the bill with a vote of 358-32.
The Senate passed the bill on Monday.
The bill now goes to President Donald Trump for his signature.
The legislation restricts corporate investors from purchasing single-family homes.
The bill streamlines federal regulations and environmental reviews to speed up construction.
It provides additional funding to local governments that build more housing.
The measure received broad bipartisan support.
Lawmakers cited voter concerns about housing affordability and the cost of living.
Where accounts differ
The sources differ on the size of the nation's housing shortage. One source cites a Realtor.com estimate that the U.S. was short by more than 4 million housing units last year. Another source cites the Economic Report of the President finding a shortage of 10 million homes and a Harvard report indicating sales of existing homes are at three-decade lows. No other direct contradictions were identified.
Not yet confirmed
Only one source provides the specific name of the legislation: the 21st Century Road to Housing Act. That same source reports a ban on corporate investors who already own at least 350 houses, while the other source describes the restriction in broader terms. Only one source mentions a median homebuyer age of 40 and a 47% rent increase since the pandemic. The exact timing of the president's signing ceremony is not specified in both accounts.
Key figures
President Donald Trump
Sen. Elizabeth Warren (D-Mass.)
Sen. Tim Scott (R-S.C.)
Rep. Maxine Waters (D-Calif.)
Rep. French Hill (R-Ark.)
Rep. Jim Himes (D-Conn.)
Jeanna Kenney (assistant professor of economics, finance and real estate, Villanova University)
Ross Marchand (executive director, Taxpayers Protection Alliance)
Kate Wood (lending expert, NerdWallet)
Amanda Crist (vice president of member engagement, Greater Nashville Realtors)
Sources: NPR, abcnews.com
