The bipartisan legislation was crafted in both chambers and must now pass the House. It seeks to build more homes and prevent large investors from out-bidding families.
The Senate voted overwhelmingly on Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in Donald Trump’s second term.
The vote was 85-5.
The legislation, which makes it easier to build homes and slaps limits on Wall Street investors from buying up houses, now goes to the House, which hopes to vote on it in the next few days. Then, it would go to Trump’s desk to be signed into law.
The goal is to just keep building more units forever, which will make developers very happy. It’s also got a big carve out for modular housing, which the tech sector has been pushing for a long time. So, get ready to live in the pod. We’ll have to see about whether the next Agg Bill has us eating the bugs.
They’re also giving a bunch of power to the EPA to bigfoot state environmental standards. So that’ll be extra fun.
Text Here in case anyone is curious.
Funnily enough, I can’t find anything in this bill that restricts the ability for investor aggregated housing.