{"id":2419,"date":"2026-06-20T15:37:07","date_gmt":"2026-06-20T15:37:07","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=2419"},"modified":"2026-06-20T15:37:07","modified_gmt":"2026-06-20T15:37:07","slug":"congress-poised-to-send-major-housing-package-to-trumps-desk","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=2419","title":{"rendered":"Congress poised to send major housing package to Trump\u2019s desk"},"content":{"rendered":"
\n
\n
\n

Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower the costs of homeownership \u2014 one of the many affordability challenges Americans are facing.<\/p>\n

Read more Trump deepens the dustup with Italy\u2019s Meloni over a disputed photo from the G7 summit<\/a><\/p>\n

Most of the policies in the bill are not quick fixes, so it will take time before potential buyers see any benefits. \u00a0<\/p>\n

\u201cLimited housing supply and burdensome regulations have contributed to higher prices, and many Americans are simply being priced out of the housing market,\u201d said Senate Majority Leader John Thune.<\/p>\n

\u201cSo this bill cuts unnecessary red tape that\u2019s delaying construction and driving up prices,\u201d the South Dakota Republican said.\u00a0<\/p>\n

The 21st Century ROAD to Housing Act relies on basic economic principles: increase supply to lower demand, and price drops will follow.\u00a0<\/p>\n

However, demand is only high in certain segments of the market. New market-rate construction prices are out of reach for most low- and moderate-income families, according to the Harvard Joint Center for Housing Studies.\u00a0<\/p>\n

The group\u2019s annual housing report found that unsold inventories grew in 2025, prompting builders to cut prices and pivot toward more cost-efficient homes and lots.\u00a0<\/p>\n

The bill seeks to help with that issue by removing and streamlining government regulations that have driven up the cost of home construction.<\/p>\n

A National Association of Home Builders study released earlier this month found that regulatory costs account for 26.4% of the final price of a new single-family home \u2014 up almost 3 percentage points since the group\u2019s 2021 study.<\/p>\n

That equates to $131,734 in regulatory costs for a new home priced at $499,500, the current industry average.\u00a0<\/p>\n

Regulatory costs, along with other factors such as high material costs and elevated interest rates, are factors slowing home construction and creating supply issues.\u00a0<\/p>\n

The U.S. has a structural housing deficit of 1.2 million units, according to NAHB, which supports the legislation moving through Congress.<\/p>\n

\u201cThe housing shortage in the United States is nothing less than an existential threat to the American dream,\u201d Senate Minority Leader Charles E. Schumer, New York Democrat, said, adding that the crisis is so dire that it brought both parties together \u201cat a time of such division.\u201d<\/p>\n

The housing package, a compilation of dozens of individual bills, has taken lawmakers years to negotiate and ping-ponged back and forth between the House and Senate multiple times this Congress.\u00a0<\/p>\n

Last Tuesday, leaders of the Senate and House panels with jurisdiction over housing policy announced they had finally reached a bipartisan, bicameral compromise that is ready to be sent to the president\u2019s desk.\u00a0<\/p>\n

\u201cThis bill, combining House and Senate priorities, would represent the biggest housing bill in more than 30 years,\u201d Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking, Housing and Urban Affairs Committee, said. \u201cLet\u2019s get it done.\u201d<\/p>\n

The Senate will vote on final passage of the bill Monday evening, and the House is expected to follow suit later in the week.\u00a0<\/p>\n

Read more Chris Van Hollen \u201ckicking the tires\u201d over 2028 presidential bid<\/a><\/p>\n

House Financial Services Chairman French Hill, Arkansas Republican, and ranking member Maxine Waters, California Democrat, resisted pressure to accept multiple Senate-led versions of the bill and fought for key House priorities.<\/p>\n

They ultimately convinced senators to include provisions providing regulatory relief to community banks so they can expand home lending opportunities and worked out a key compromise on a top Trump priority.<\/p>\n

\u201cBipartisan, bicameral legislating is never easy \u2014 but progress matters,\u201d Mr. Hill said.\u00a0<\/p>\n

Mr. Trump in May urged lawmakers to pass a Senate version of the bill because it included language codifying his executive order banning large Wall Street investment firms from buying up housing supply and taking away opportunities for individual homeownership.<\/p>\n

The bill would ban companies with investment control of 350 or more single-family homes from purchasing additional units.\u00a0<\/p>\n

The Senate bill also would have forced those companies to sell their existing units within seven years, which drew backlash from NAHB and other industry groups who argued it would destroy the important build-to-rent market.\u00a0<\/p>\n

House leaders were able to get that provision dropped in the final negotiations.<\/p>\n

The right-leaning American Enterprise Institute argues the effort from Mr. Trump and Congress targeting large institutional investors is misguided, as they own less than 1% of the nation\u2019s single-family homes and have sold as many rental homes as they acquired over the past two years.\u00a0<\/p>\n

\u201cTheir presence tends to be localized, cyclical, and not a primary driver of home price growth,\u201d AEI scholars Edward J. Pinto and Tobias Peter wrote in an April report. \u201cThey contribute positively by adding supply through built-to-rent housing, rehabilitating distressed properties, and serving working families who often are not positioned for homeownership.\u201d<\/p>\n

State and local policies also factor into housing costs. The bill offers incentives, rather than mandates, to help address more localized issues.\u00a0<\/p>\n

For example, the measure authorizes a seven-year innovation fund to aid communities in building more housing supply and a pilot grant programs for regional housing planning and converting vacant and abandoned buildings into housing.\u00a0<\/p>\n

The bill also instructs the Department of Housing and Urban Development to develop zoning and land-use policy best practices that localities can use to help identify and overcome barriers to housing development.<\/p>\n

Sen. Tina Smith, Minnesota Democrat, touted provisions she secured in the bill to overhaul the Department of Agriculture\u2019s Rural Housing Service program that offers loans and grants to finance affordable housing in rural areas.\u00a0<\/p>\n

The senator said many properties built through the program are dated and in disrepair and current owners can\u2019t keep up with the costs.\u00a0<\/p>\n

The bill makes it easier for nonprofits to take over mortgages and fix up the properties and \u201csimplifies the foreclosure process to save the government money\u00a0and protect tenants so that properties can be transferred to new\u00a0owners,\u201d Ms. Smith said.\u00a0<\/p>\n

She said the updates to the Rural Housing Service program will preserve 400,000 apartments and homes in rural communities.<\/p>\n

Read more Universal dethrones Disney with $659 million \u2018Jurassic World: Dominion\u2019 budget record<\/a><\/p>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower the costs of homeownership, one of the many affordability challenges Americans are facing.<\/p>\n","protected":false},"author":1,"featured_media":2418,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[50],"class_list":["post-2419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-congress"],"yoast_head":"\nCongress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homebuyerrelocation.com\/?p=2419\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Congress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation\" \/>\n<meta property=\"og:description\" content=\"Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower the costs of homeownership, one of the many affordability challenges Americans are facing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/homebuyerrelocation.com\/?p=2419\" \/>\n<meta property=\"og:site_name\" content=\"Home Buyer Relocation\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-20T15:37:07+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/#\\\/schema\\\/person\\\/b2ac56955b020950324cad4c6c27b42a\"},\"headline\":\"Congress poised to send major housing package to Trump\u2019s desk\",\"datePublished\":\"2026-06-20T15:37:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419\"},\"wordCount\":1007,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/homebuyerrelocation.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp\",\"keywords\":[\"Congress\"],\"articleSection\":[\"News\",\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419\",\"url\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419\",\"name\":\"Congress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/homebuyerrelocation.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp\",\"datePublished\":\"2026-06-20T15:37:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/#\\\/schema\\\/person\\\/b2ac56955b020950324cad4c6c27b42a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#primaryimage\",\"url\":\"https:\\\/\\\/homebuyerrelocation.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp\",\"contentUrl\":\"https:\\\/\\\/homebuyerrelocation.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp\",\"width\":1200,\"height\":700},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?p=2419#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/homebuyerrelocation.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Congress poised to send major housing package to Trump\u2019s desk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/#website\",\"url\":\"https:\\\/\\\/homebuyerrelocation.com\\\/\",\"name\":\"Home Buyer Relocation\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/homebuyerrelocation.com\\\/#\\\/schema\\\/person\\\/b2ac56955b020950324cad4c6c27b42a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/homebuyerrelocation.com\"],\"url\":\"https:\\\/\\\/homebuyerrelocation.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Congress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/homebuyerrelocation.com\/?p=2419","og_locale":"en_US","og_type":"article","og_title":"Congress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation","og_description":"Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower the costs of homeownership, one of the many affordability challenges Americans are facing.","og_url":"https:\/\/homebuyerrelocation.com\/?p=2419","og_site_name":"Home Buyer Relocation","article_published_time":"2026-06-20T15:37:07+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/homebuyerrelocation.com\/?p=2419#article","isPartOf":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419"},"author":{"name":"admin","@id":"https:\/\/homebuyerrelocation.com\/#\/schema\/person\/b2ac56955b020950324cad4c6c27b42a"},"headline":"Congress poised to send major housing package to Trump\u2019s desk","datePublished":"2026-06-20T15:37:07+00:00","mainEntityOfPage":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419"},"wordCount":1007,"commentCount":0,"image":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419#primaryimage"},"thumbnailUrl":"https:\/\/homebuyerrelocation.com\/wp-content\/uploads\/2026\/06\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp","keywords":["Congress"],"articleSection":["News","Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/homebuyerrelocation.com\/?p=2419#respond"]}]},{"@type":"WebPage","@id":"https:\/\/homebuyerrelocation.com\/?p=2419","url":"https:\/\/homebuyerrelocation.com\/?p=2419","name":"Congress poised to send major housing package to Trump\u2019s desk - Home Buyer Relocation","isPartOf":{"@id":"https:\/\/homebuyerrelocation.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419#primaryimage"},"image":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419#primaryimage"},"thumbnailUrl":"https:\/\/homebuyerrelocation.com\/wp-content\/uploads\/2026\/06\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp","datePublished":"2026-06-20T15:37:07+00:00","author":{"@id":"https:\/\/homebuyerrelocation.com\/#\/schema\/person\/b2ac56955b020950324cad4c6c27b42a"},"breadcrumb":{"@id":"https:\/\/homebuyerrelocation.com\/?p=2419#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/homebuyerrelocation.com\/?p=2419"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/homebuyerrelocation.com\/?p=2419#primaryimage","url":"https:\/\/homebuyerrelocation.com\/wp-content\/uploads\/2026\/06\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp","contentUrl":"https:\/\/homebuyerrelocation.com\/wp-content\/uploads\/2026\/06\/e803152f7d6ca7bdb248b7bfbe75c2d7.webp","width":1200,"height":700},{"@type":"BreadcrumbList","@id":"https:\/\/homebuyerrelocation.com\/?p=2419#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/homebuyerrelocation.com\/"},{"@type":"ListItem","position":2,"name":"Congress poised to send major housing package to Trump\u2019s desk"}]},{"@type":"WebSite","@id":"https:\/\/homebuyerrelocation.com\/#website","url":"https:\/\/homebuyerrelocation.com\/","name":"Home Buyer Relocation","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/homebuyerrelocation.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/homebuyerrelocation.com\/#\/schema\/person\/b2ac56955b020950324cad4c6c27b42a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/homebuyerrelocation.com"],"url":"https:\/\/homebuyerrelocation.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/posts\/2419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2419"}],"version-history":[{"count":0,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/posts\/2419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/homebuyerrelocation.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}