Deal reached to pass major bill to address housing affordability
The House and the Senate have reached an agreement to pass bipartisan legislation designed to boost housing supply and help with affordability.
TL;DR
- The House and Senate have reached a bipartisan agreement on legislation to boost housing supply and affordability.
- The deal is a result of months of negotiations between Republicans and Democrats.
- The legislation, an iteration of the 21st Century ROAD to Housing Act, is expected to pass both chambers and be signed into law by President Trump.
- This bill is considered the second-largest economic legislative achievement of Trump's second term, following the tax cuts.
- Senator Tim Scott highlighted the bill's focus on lowering costs, expanding supply, cutting red tape, protecting taxpayers, and promoting homeownership.