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.
That’s what I’m guessing, that each LLC is only allowed a certain number of units, or there’s a limit on the number of different types of units which will only lead them to re-name each type of unit to something else. It’s no longer “single family homes” but “one unit housing with land”. Or it limits the amount of “affordable housing” they can buy, but then they just change what’s affordable, or only build luxury houses - like everyone wants affordable, economical cars these days, but all you can buy are expensive, gas-guzzling SUVs.