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 outbidding families.

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.

  • ParlimentOfDoom@piefed.zipEnglish
    3·
    2 days ago

    The bill mentions nothing of a 350 limit, where are you pulling that number?

    And companies can’t buy more single family homes at all. So, no, they couldn’t do that. Only way to get more is by building them themselves and not selling - which is not the business model that builders use.

    Edit: 350 is the number that could be used to define a large institutional investor, but the number is in aggregate, so spinning up a subsidiary doesn’t change the number it would own.