Senate Approves Bipartisan Housing Plan Restricting Wall Street Home Purchases
The U.S. Senate just passed a sweeping bipartisan housing affordability bill, but its path forward is already running into resistance in the House.
The legislation cleared the Senate in an overwhelming 89–10 vote, with backing from both parties as lawmakers try to respond to rising home prices and a nationwide housing shortage. According to the Associated Press, the bill was led by Sen. Tim Scott and Sen. Elizabeth Warren and aims to increase housing supply and lower costs.
The package includes incentives to build more homes, faster environmental reviews for construction projects, and expanded federal housing funding.
One controversial provision would limit institutional investors from buying large numbers of single-family homes, forcing certain newly purchased properties to be sold within seven years.
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Supporters say that move could help first-time buyers compete with Wall Street-backed landlords.
But Axios reports the bill faces a difficult path in the House, where some conservatives and industry groups oppose parts of the Senate version and want changes before approving it.
If lawmakers can’t reconcile the differences, the bill could stall despite its overwhelming Senate support.
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