WASHINGTON, March 12 (Reuters) – The U.S. Senate on Thursday was poised to pass legislation aimed at boosting affordable housing construction nationwide, giving lawmakers the ability to campaign for re-election this year by highlighting efforts to ease the burden of high living costs.The legislation, spearheaded by Senate Banking Committee Chairman Tim Scott of South Carolina, a conservative Republican, and Senator Elizabeth Warren of Massachusetts, the progressive senior Democrat on that panel, would have to be reviewed and voted on by the House of Representatives if it passes the Senate, as is expected.
Late on Wednesday, senators voted overwhelmingly to advance the bill toward passage. It was a moment of rare bipartisanship in a chamber that spent most of the day in bitter disagreements over immigration policy and the war President Donald Trump is waging on Iran without approval by Congress...
Leo's notes: The U.S. Senate is advancing bipartisan legislation aimed at boosting affordable housing construction and addressing the nation’s estimated 4 million home shortage. In summary, the proposal includes incentives to increase housing supply, streamline permitting, expand financing through federal block grants, and raise loan limits for multifamily housing. The bill also proposes limits on large institutional investors purchasing single-family homes, reflecting growing concern about investor competition in the housing market. This effort signals rare bipartisan recognition that increasing housing supply must be central to addressing affordability and easing pressure on first-time buyers.
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- - Volume: 26 - WEEK: 12 Date: 3/19/2026 9:34:05 PM -