Senate Passes Bipartisan Housing Affordability Bill

The Senate overwhelmingly passed a bipartisan bill on Monday aimed at lowering housing costs by boosting supply and preventing large investors from buying up single-family homes.

The legislation, known as the 21st Century Road to Housing Act, follows weeks of intense negotiations and addresses affordability in an election year.

The measure now heads to the House of Representatives, where it is expected to pass with cross-party support.

The bill represents the most significant federal housing legislation in a generation.