Source: Fox News
Summary
The Senate has advanced a Trump-backed housing package, the 21st Century Road to Housing Act, aimed at preventing the US from becoming a “nation of renters.” The package includes provisions to roll back permitting regulations, launch pilot grant programs for affordable housing, and block investors from buying up housing stock. The bill has been sent to the House after months of delay and is expected to reach President Trump’s desk. The package does not allocate new federal funding for housing and does not directly address rising homeownership costs.
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As expected, the matter has reached another stage.
The Senate has advanced a massive housing package, with nearly 60 provisions, after months of delay. The package tackles rolling back permitting regulations, launches pilot grant programs, and blocks investors from buying up housing stock. Sen. Elizabeth Warren said the legislation will help increase supply and bring down costs. The package also tries to turbocharge housing stock by tying federal grants and incentives to housing construction. Sen. Bernie Moreno said the legislation “sends a signal to state and local communities” to drive down housing costs.
The performance of a bipartisan push for housing reform, complete with a Trump-backed investor ban, has reached its next act.
Author: Evan Null
