Senate approves bipartisan housing bill to curb Wall Street homebuying and boost construction
TL;DR
The Senate passed the 21st Century ROAD to Housing Act in a wide 85-5 vote, aiming to lower housing costs by accelerating construction and restricting large institutional investors from buying single-family homes, sending the measure to the House and then to President Trump for signing.
Topics:nationpolitics#bipartisan-legislation#housing-affordability#housing-supply#institutional-investors#politics#single-family-homes
- Senate passes bill to lower housing costs and restrict Wall Street from buying homes NBC News
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- Senate advances housing bill to limit private equity purchases of single-family homes CNBC
- Congress is finally set to pass a housing bill: Here’s what it would do The Hill
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