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House expected to pass affordable housing bill, send it to Trump's desk
CNBC • • nation
Key Points:
- The U.S. House is set to send the 21st Century ROAD to Housing Act to President Trump's desk, a bipartisan bill aimed at reducing homebuyer costs and limiting institutional investors' purchase of single-family homes to 350.
- The bill passed the Senate overwhelmingly (85-5) after lengthy negotiations and aims to ease regulations to boost housing supply, addressing affordability concerns ahead of the 2026 midterm elections.
- Some conservative House Republicans oppose fast-tracking the housing bill because it does not include the SAVE America Act, a controversial voter-ID and citizenship verification bill supported by Trump.
- Rep. Anna Paulina Luna threatened to block the bill's expedited consideration unless GOP leaders include the voter-ID legislation, but her opposition is unlikely to stop the housing bill due to insufficient support within the Republican caucus.
- The SAVE America Act previously passed the House but lacks the votes to pass the Senate, complicating efforts to attach it to the housing legislation.
