Bipartisan housing bill advances after bicameral deal, set for rapid votes

Senate and House leaders announced a bicameral agreement on the bipartisan housing affordability package (the revised 21st Century ROAD to Housing Act), with the Senate set to begin procedural votes and the House planning an expedited vote after the June recess. The package incorporates House language restricting large institutional investors from buying single-family homes, reintroduces several Senate topics with meaningful changes (including a three-year sunset for the CDBG-DR disaster-relief program), and aims to lower costs, increase housing supply, and expand homeownership ahead of year-end priorities. White House backing and prior chamber approvals underscore broad bipartisan support after months of negotiations.