House Advances Bill to Create More Affordable Housing In Priority for Trump

The Republican-controlled U.S. House of Representatives passed a significant housing bill aimed at addressing the nation’s shortage of affordable homes. Still, experts say it is unclear how much it will directly reduce home prices for buyers and renters.

This past week, the House of Representatives passed a bipartisan bill, the Housing for the 21st Century Act, to increase the supply of affordable housing.

This development sets the stage for some political negotiations ahead. Previously, in October, the Senate passed its own bipartisan legislation as part of a broader package, but that was removed from the final bill. Now, the Senate is considering a stand-alone bill called the ROAD to Housing Act.