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.
Yeah the non-cynic in me agrees with you, but I shoved him in a box for that comment, and for this one. The thing that doesn’t sit well with me is that this bill is coming 6 years after the problem really became an issue. With that and the close proximity of midterms, it just seems like some corporate daddy with enough swing has gotten their fill of single family housing and has decided to let a bill be passed that doesn’t affect their current enormous backlog of “investments”. There’s also a crazy man that lives in my crawlspace that believes that this is all because community credit unions started bidding on homes in low income neighborhoods and selling them back fo people who lived there /have lived in that neghboor hood. He’s bad with specifics (radon and rats it from the crawlspace accommodations) but I think it was in Detroit or Chicago?
At anyrate, I would sure love a solid passenger train system that wasn’t getting fingerbanged by the elephant hand that is the US freight system.