I haven't read the bill, but restricting corporate ownership of single family homes is a good thing. It's out of control in Weatherford, driving prices up.
Trump scores major win as Congress passes housing crackdown on Wall Street investors
The only opposition was from a few Repulicans who voted against it becase the SAVE act was not attached.President Donald Trump scored a major legislative win after Congress cleared a sweeping housing bill aimed at expanding the nation’s supply of homes and lowering costs.
House lawmakers voted 358-32 in an overwhelmingly bipartisan vote Tuesday to approve the Senate-passed measure with opposition coming solely from Republicans. Every Democrat present voted for the package.
The 21st Century ROAD to Housing Act, one of the most significant housing bills approved by Congress in decades, largely incorporates Trump's proposal to ban large institutional investors from purchasing single-family homes — a measure designed to help individual buyers compete with private equity firms.
It would also streamline federal environmental reviews for housing, loosen regulations around the construction of factory-built homes, and incentivize local governments to reform their zoning laws to allow for more homebuilding, among its more than 45 provisions.
Tuesday's vote comes as home prices have surged in recent years, with the median nationwide price tag topping $400,000 and the median asking rent climbing above $1,760, representing an increase of 34.4% and 17.9%, respectively, since 2019, according to analysis from Realtor.com.
House Speaker Mike Johnson, R-La., brought the measure to the floor under a fast-track procedure known as suspension of the rules that required a two-thirds majority to secure passage.
In the end, more Democrats supported the legislation than Republicans.
