US Congress passes landmark housing affordability bill
The U.S. House of Representatives passed a sweeping housing affordability bill on June 23, sending President Donald Trump one of Congress’s rare cross-party achievements as lawmakers face mounting pressure over the cost of living.
The measure, known as the 21st Century ROAD to Housing Act, is aimed at boosting housing supply, easing construction rules and expanding access to home ownership as high rents, elevated mortgage costs and a shortage of homes have become major political concerns.
The House vote came a day after the Senate approved the package 85-5, reflecting broad support from both Republicans and Democrats for legislation addressing one of the most visible strains on household budgets ahead of the midterm elections.
Trump has signaled support for the legislation and is expected to sign it into law.
