U.S. Senate Passes Major Bipartisan Housing Bill to Boost Supply
On June 22, 2026, the U.S. Senate overwhelmingly passed the 21st Century ROAD to Housing Act (85-5), a bipartisan bill to increase housing supply and lower costs by cutting regulations, banning institutional investors from owning over 350 single-family homes, and providing local funding incentives. The bill addresses a national shortage of 10 million homes and median prices over $500,000. It now heads to the House, where expedited passage is expected, though some House conservatives demand a voter ID amendment. President Trump has signaled support.
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U.S. House passes bipartisan affordable housing bill, sends to Trump for enactment
The U.S. House of Representatives passed bipartisan legislation on June 23, 2026, aimed at accelerating the construction and availability of affordable housing, sending it to President Donald Trump for signature. The bill, which passed the Senate 85-5 and the House 358-32, addresses a years-long housing supply shortage. Key provisions include cutting barriers to new home construction, modernizing banking regulations to facilitate loans for lower-income people, waiving or speeding up environmental reviews, and capping the number of single-family homes that large Wall Street investors can own. The high cost of living, with inflation rising significantly during Trump's second term, is a top voter concern. The bill represents a rare bipartisan achievement in a deeply divided Congress, giving both parties a campaign talking point ahead of November elections.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.US House Expected to Pass Bipartisan Affordable Housing Bill, Send to Trump
The U.S. House is expected to vote on the 21st Century ROAD to Housing Act, a bipartisan affordable housing bill aimed at lowering homebuyer costs, increasing housing supply, and capping institutional investor purchases of single-family homes at 350 properties. The measure passed the Senate 85-5 on Monday and could be signed by President Trump as early as Wednesday. However, conservative hardliners led by Rep. Anna Paulina Luna (R-FL) threatened to delay the vote unless the bill includes the SAVE America Act, a controversial voter ID and citizenship verification bill that lacks sufficient Senate support. Despite this opposition, the housing bill is expected to pass, as both Democrats and Republicans seek to address housing affordability ahead of the 2026 midterm elections. The House is using a suspension procedure requiring two-thirds majority for expedited passage.
US Top News and AnalysisSenate passes bipartisan housing bill aimed at lowering costs and increasing supply
The U.S. Senate approved the 21st Century ROAD to Housing Act in a rare bipartisan vote of 85-5 on Monday. The legislation aims to lower housing costs by increasing supply, cutting regulations, and limiting single-family home purchases by large institutional investors. Senator Elizabeth Warren (D-Mass.) called it the 'biggest housing bill in more than 30 years,' while Banking Committee Chair Tim Scott (R-S.C.) said it would help more Americans achieve homeownership. The bill has broad support from both landlords and tenant advocacy groups. However, some housing economists and researchers expect limited short-term impact on prices. The legislation is expected to pass the House as early as Tuesday and be signed into law by President Donald Trump soon after. David Dworkin of the National Housing Conference described it as a significant down payment on long-term affordability efforts.
TheWeek feedUS Senate passes bipartisan housing bill to lower costs and increase supply
The US Senate passed the bipartisan 21st Century ROAD to Housing Act on Monday with an 85-5 vote, aiming to lower housing costs by increasing supply, cutting regulations, and limiting large institutional investors from purchasing single-family homes. The bill is being hailed as the biggest housing legislation in over 30 years by Senator Elizabeth Warren, the top Democrat on the Banking Committee. Committee Chair Tim Scott said it will help more Americans achieve homeownership. The legislation is expected to clear the House soon and reach President Donald Trump's desk for signature. While the bill has broad support from landlords and tenant advocacy groups, some housing economists and researchers doubt it will significantly reduce housing prices, though they acknowledge it may make meaningful progress on supply and affordability. The National Housing Conference's CEO called it a significant down payment on a long-term effort.
TheWeek feedBipartisan housing package approved in Senate; House up next
The U.S. Senate passed a sweeping bipartisan housing bill on Monday with an 85-5 vote, aiming to lower home costs. The legislation, a rare bipartisan achievement in a polarized year, includes a ban on institutional investors owning more than 350 single-family homes, a key priority for President Donald Trump. Senate Banking Chairman Tim Scott and ranking member Elizabeth Warren spearheaded the agreement. The House could vote on the bill as early as Tuesday under suspension of the rules. However, a group of 25 House GOP conservatives, led by Rep. Anna Paulina Luna, are demanding a voter ID bill (Save America Act) be attached, threatening to block the housing package. Despite this, the White House confirmed Trump would sign the housing bill without the voter ID measure. A signing ceremony could occur as soon as Wednesday if the House clears it. The bill contains about four dozen provisions and has been in development for nearly a year, passing previous versions with overwhelming bipartisan support in both chambers.
Roll CallBipartisan housing package passes Senate, heads to House
The U.S. Senate overwhelmingly passed a sweeping bipartisan housing bill (85-5) on June 22, 2026, aimed at lowering home costs. The legislation includes a ban on institutional investors owning more than 350 single-family homes, a key priority for President Donald Trump. Senate Banking Chairman Tim Scott (R-S.C.) and ranking member Elizabeth Warren (D-Mass.) led the rare bipartisan effort. The House is expected to vote on the bill as soon as June 23 under suspension of the rules, requiring two-thirds support. However, a group of 25 House GOP conservatives, led by Rep. Anna Paulina Luna (R-Fla.), threaten to block the bill unless a voter ID measure is attached. The White House has stated Trump would sign the current housing package without the voter ID bill. If passed, a signing ceremony could occur as early as June 24.
Roll CallU.S. Senate Passes Bipartisan Housing Bill Restricting Institutional Investors from Buying Single-Family Homes
On June 22, 2026, the U.S. Senate passed the '21st Century ROAD to Housing Act' with an overwhelming bipartisan vote of 85-5. The bill includes a key provision barring large institutional investors—defined as those owning more than 350 housing units—from purchasing additional single-family homes, with an exception for 'build-to-rent' projects. The legislation aims to address rising housing costs and follows a promise made by President Donald Trump in January. The bill now moves to the House, which is expected to fast-track consideration as early as Tuesday. The five no votes were from Republican senators. Senators Elizabeth Warren and Tim Scott were key figures in the bipartisan negotiation, with Scott crediting Trump for pushing the investor restriction. The bill also includes broader housing reforms intended to make building new homes easier.
Forbes - BusinessU.S. Senate passes bipartisan housing bill to increase supply and lower prices
The U.S. Senate passed a major bipartisan housing bill (85-5) on June 22, 2026, aimed at increasing housing supply and reducing costs by cutting federal regulations and expanding local control. The legislation bans corporate investors from buying single-family homes and streamlines environmental reviews to speed construction. It also provides funding incentives for local governments that build more housing, including Community Development Block Grants. The bill, negotiated over weeks, responds to a national affordability crisis with a shortage of 10 million homes and median home prices over $500,000. It now heads to the House, where approval is expected, and President Trump has signaled support. Senator Elizabeth Warren called it the most significant housing bill since 1990, and Senate Banking Chairman Tim Scott highlighted its role in lowering costs and expanding homeownership. The measure marks a rare bipartisan achievement in an election year.
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