Senate Majority Leader John Thune (R-SD) is expected to bring landmark housing legislation back to the Senate floor this week after negotiators reached an agreement, signaling a win for the backers of the bill, who say it will increase housing supply and address high prices.The 21st Century ROAD to Housing Act will be voted on this week, according to Senate aides. The final version of the legislation comes after negotiations between House Speaker Mike Johnson (R-LA) and Thune and some further revisions after the bill previously passed both the House and the Senate.
Notably, this latest version doesn’t change the most controversial provision, which is a ban on large investors purchasing single-family homes. That provision, which was inserted into the bill after President Donald Trump demanded it, has strong support from some populist Democrats but faces skepticism from free marketers. The House version of the bill significantly eased the ban by removing a provision that would have required investors in build-to-rent homes to sell those houses within seven years. That edit appears to have survived in the latest Senate version of the bill.
But other sections have been added back to the legislation following this latest round of leadership-level talks.
