The bill, which passed 85-5 and now heads to the House, has been the focus of intense negotiations in recent weeks.

Both chambers of Congress are expected to advance a sprawling housing package this week that's aimed at creating more supply and making homes more affordable.

The Senate is set to pass a bipartisan housing bill that aims to bring down home prices and increase the supply

After months of negotiating, Congress has finally reached an agreement on a bipartisan housing package that moves in the right direction.