{"id":2596,"date":"2026-06-23T08:36:26","date_gmt":"2026-06-23T08:36:26","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=2596"},"modified":"2026-06-23T08:36:26","modified_gmt":"2026-06-23T08:36:26","slug":"senate-sends-bipartisan-housing-package-back-to-house-for-final-approval","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=2596","title":{"rendered":"Senate sends bipartisan housing package back to House for final approval"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>The Senate on Monday evening passed the final bipartisan, bicameral version of a housing package that both parties view as key to addressing one of Americans\u2019 top affordability concerns.<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=2594\">Trump-endorsed de la Espriella holds slim lead in Colombia\u2019s election as rival challenges vote<\/a><\/p>\n<p>The 85-5 vote sends the measure back to the House, which is expected to give it final approval as soon as Tuesday evening and send it to President Trump\u2019s desk.\u00a0<\/p>\n<p>\u201cThe bill we\u2019re passing today sends a clear message to every American struggling to find a place they can afford: Elected leaders understand the problem and are actually doing something to try to solve it,\u201d said Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee that crafted the package.\u00a0<\/p>\n<p>Sen. Tim Scott, the panel\u2019s chairman, said the housing affordability issue is personal for him. Growing up, the South Carolina Republican lived in small rental units in poor neighborhoods where \u201cthe American dream just seemed out of reach for so many.\u201d<\/p>\n<p>\u201cYoung people today are feeling in a similar fashion that I did then,\u201d Mr. Scott said. \u201cThey\u2019re delaying marriage, they\u2019re delaying having kids, they\u2019re delaying, putting down roots \u2013 not because they lack ambition, but because housing prices are too darn high and housing supply too low.\u201d<\/p>\n<p>The 21st Century ROAD to Housing Act includes policies designed to increase housing supply and lower the cost of homeownership.\u00a0<\/p>\n<p>It is a package compiling dozens of individual bills that lawmakers have spent years negotiating. The Senate and House started with different versions and spent months sending the legislation back and forth before settling on this final bicameral deal. \u00a0<\/p>\n<p>The measure would remove and streamline government regulations that have driven up the cost of home construction, accounting for roughly a quarter of the cost of a new home.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=2592\">Man charged in killing of James Handy found mentally incompetent for prosecution<\/a><\/p>\n<p>\u201cWhen you cut red tape, you actually reduce the cost of housing,\u201d Mr. Scott said. \u00a0<\/p>\n<p>The bill would ban companies with investment control of 350 or more single-family homes from purchasing additional units, codifying an executive order President Trump issued to stop Wall Street investment firms from crowding individual buyers out of the market.\u00a0<\/p>\n<p>\u201cCongress has never before held private equity accountable for anything, and today that changes,\u201d Ms. Warren said. \u201cNo longer will private equity firms come in with an all-cash offer to snap up a house while a family loses out on their dream.\u201d<\/p>\n<p>To address more localized housing issues, the package offers incentives for state and local governments.\u00a0<\/p>\n<p>That includes a seven-year innovation fund to help communities build more housing supply, as well as pilot grant programs for regional housing planning and for converting vacant and abandoned buildings into housing.<\/p>\n<p>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<p>Sen. John Kennedy, Louisiana Republican, offered a ringing endorsement for the policies: \u201cThis bill is better than sex.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/homebuyerrelocation.com\/?p=2590\">Tucker Carlson says he\u2019ll no longer support the Republican Party<\/a><\/p>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Senate on Monday evening passed the final bipartisan, bicameral version of a housing package that both parties view as key to addressing one of Americans&#8217; top affordability concerns.<\/p>\n","protected":false},"author":1,"featured_media":2595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[1693,1495,949,1692],"class_list":["post-2596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-21st-century-road-to-housing-act","tag-elizabeth-warren","tag-senate","tag-tim-scott"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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