The legislation aims to increase housing supply and lower costs. It marks a rare bipartisan legislative accomplishment for lawmakers.

Washington Examiner economics reporter Zach Halaschak said after negotiations between the House and Senate, the Housing Act becomes rare bipartisan.

The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply.

The Senate voted to pass the bipartisan 21st Century ROAD to Housing Act after a series of negotiations turned into a deal.

The bipartisan housing legislation now heads to President Donald Trump, who is expected to sign it into law as soon as Wednesday.