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WASHINGTON — The passage of landmark federal housing legislation is encouraging optimism for more collaborative reform, lawmakers and advocates said at an Axios Live event.

Why it matters: Homeownership costs are nearing historic levels, and addressing the national housing shortage is a rare bipartisan priority.

Axios' Courtenay Brown and Mimi Montgomery moderated conversations with Rep. Darin LaHood (R-Ill.), Rep. Brittany Pettersen (D-Colo.) and National Multifamily Housing Council president Sharon Wilson Géno. The July 16 event was sponsored by Citi.